ASX200 Index

11/03/2021

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Morning report 04/11/2025

What Matters Today: Can the Banking sector defy sceptics and follow Westpac higher?

The ASX 200 produced a strong recovery on Monday afternoon to close up +0.2%, more than 0.7% off its late morning low. Westpac (WBC) drove the banks and ASX higher as investors took an increasingly bullish view of its FY25 result, the longer the day progressed - more on the banks later. In typical 2025 fashion, moves on the stock and sector level were very polarised on the first trading day of November, with the financials adding more than +38 points to the main board while materials and healthcare names detracted over -28 points.

Afternoon report 03/11/2025

The Match Out: ASX edges higher, Westpac reports & rallies

The ASX finished mildly higher on the first trading day of November, largely underpinned by a solid day for the banks with the big 4 contributing +36pts to the main boards gain as Westpac reported FY results and rallied – more on their result below.