Category: ASX:CDA

ASX:CDA

Why is Codan (ASX:CDA) surging Higher?

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Afternoon report 11/08/2026

The Match Out: ASX steadies as RBA keeps 4.35% on hold, Austal rockets on US assets bid

The ASX 200 finished higher today, with the market spending much of the session in positive territory as investors worked through a busy day of reporting season before the RBA took centre stage in the afternoon. The index briefly pushed toward 9,275 following the decision to leave rates unchanged at 4.35%, before giving back some of the move into the close as Governor Michele Bullock made it clear the Board remains a long way from declaring victory over inflation.

Morning report 11/08/2026

What Matters Today: Is it time to reconsider the ASX regional banks?

The ASX 200 erased some of its late-morning losses on Monday to finish the session down just 0.3%, not a great performance after US indices powered higher on Friday night, with the banks again the local bourse's Achilles' heel. Such was the influence of the banking sector that even though over 55% of the main board closed higher, the index still fell by more than 30 points as a strong resources sector couldn’t offset steep losses by Westpac (WBC) and others.