Business
ASX closes unchanged as banks hit hard on Melbourne lockdown – The Australian Financial Review
The Australian sharemarket ended little changed on Monday despite the latest lockdown measures in Melbourne causing the financial sector to tumble.
The major banks led the losses, tumbling heavily as concerns over Victoria’s entry into stage four lockdowns hit the stocks most exposed to an economic downturn.
Commonwealth Bank dropped 1.8 per cent to $69.93, NAB declined 4.1 per cent to $16.94, ANZ slid 4.1 per cent to $17.22 and Westpac dipped 3.5 per cent to $16.49.
Macquarie Group fell 1.2 per cent to $121.99 and Bendigo & Adelaide Bank lost 4.7 per cent to $6.56. AMP was flat at $1.47.
Travel stocks were also in the firing line, w…
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