1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Macquarie Group Limited
  6. News
  7. Summary
    MQG   AU000000MQG1

MACQUARIE GROUP LIMITED

(MQG)
  Report
Delayed Australian Stock Exchange  -  12:25 2022-06-27 am EDT
166.32 AUD   +0.60%
06/23CATL Closes $6.7 Billion Private Placement
MT
06/23ELON MUSK : Stock Futures Down as Recession Fears Mount
DJ
06/23Contemporary Amperex Technology Co., Limited announced that it has received CNY 44.99999977 billion in funding from a group of investors
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australia shares slump as inflation woes hint at more rate hikes

05/06/2022 | 03:06am EDT

(Updates to close)

May 6 - Australian shares ended lower on Friday amid a global sell-off with all sectors in red as renewed fears of a faster rate-hike cycle kept risk appetite in check after the country's central bank raised inflation forecasts drastically.

The S&P/ASX 200 index was down 2.2% at 7205.6, after losing 3.1% in value this week to clock its worst week since October 2020. The benchmark witnessed its worst day since Feb. 24.

The Reserve Bank of Australia warned core inflation could now hit 4.6% by December, a startling two percentage points higher than its previous forecast made earlier this year.

Interest rate-sensitive technology stocks, which tracked a tepid Wall Street session, slumped 4.5% to mark their fifth straight weekly loss.

Sector heavyweights Xero and ASX-listed shares of Block gave up 8.6% and 1.7%, respectively.

Traders are banking on central banks to control inflation without overstepping on growth with most economic indicators at extremes and beyond their control, J.P. Morgan global market strategist Kerry Craig said, referring to the poor performances in markets.

Financials retreated 2%, delivering their worst week since late February, with the "Big Four" banks slipping between 0.4% and 2%.

Macquarie tumbled 7.6% to its worst day since March 2020 after the financial giant flagged that earnings would decline despite posting a record annual profit.

"In Australia, markets are pricing in on as many as 10 rate hikes by the end of this year implying that cash rate would be somewhere around 3% by 2023," CommSec market analyst Steven Daghlian said.

The mining sub-index slid 2.1%, with heavyweights BHP and Rio Tinto dropping 1.8% and 1.9%, respectively.

Biotech firm CSL, one of Australia's largest companies by market value, lost 1.9% in value this week.

New Zealand's benchmark S&P/NZX 50 index fell 1.2% to 11609.38 and saw its worst week since early March.

(Reporting by Roushni Nair in Bengaluru; Editing by Sherry Jacob-Phillips)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 3.15% 41.28 Delayed Quote.-3.57%
CSL LIMITED 0.64% 272.93 Delayed Quote.-6.70%
MACQUARIE GROUP LIMITED 0.60% 166.32 Delayed Quote.-19.51%
RIO TINTO PLC 1.62% 4989.5 Delayed Quote.1.99%
S&P 500 INDEX 3.06% 3911.74 Real-time Quote.-17.93%
S&P/ASX 200 1.99% 6709.4 Real-time Quote.-11.63%
XERO LIMITED 2.17% 83.91 Delayed Quote.-41.92%
All news about MACQUARIE GROUP LIMITED
06/23CATL Closes $6.7 Billion Private Placement
MT
06/23ELON MUSK : Stock Futures Down as Recession Fears Mount
DJ
06/23Contemporary Amperex Technology Co., Limited announced that it has received CNY 44.9999..
CI
06/21Macquarie Group Limited Declares Distribution of MQGPE - CAP NOTE 3-BBSW+2.90% PERP NON..
CI
06/20TI Cloud Braves Market Turbulence with Launch of $77 Million Hong Kong IPO
MT
06/20Tim's top investor Vivendi seeks 31 bln euro landline grid valuation -source
RE
06/19Shenzhen Dynanonic Nets Nearly $471 Million From Private Placement
MT
06/17Volvo Invests $4.9 Million in UK-Based Recycled Battery Energy Storage Company
DJ
06/17Connected Energy Ltd announced that it has received £15 million in funding from Caterpi..
CI
06/15Macquarie Group Limited Declares Distribution on MQGPC - CAP NOTE 3-BBSW+4.00% PERP NON..
CI
More news
Analyst Recommendations on MACQUARIE GROUP LIMITED
More recommendations
Financials
Sales 2023 16 226 M 11 277 M 11 277 M
Net income 2023 4 200 M 2 919 M 2 919 M
Net Debt 2023 84 347 M 58 623 M 58 623 M
P/E ratio 2023 15,5x
Yield 2023 3,80%
Capitalization 60 925 M 42 344 M 42 344 M
EV / Sales 2023 8,95x
EV / Sales 2024 11,2x
Nbr of Employees 18 133
Free-Float 91,5%
Chart MACQUARIE GROUP LIMITED
Duration : Period :
Macquarie Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MACQUARIE GROUP LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 165,33 AUD
Average target price 204,79 AUD
Spread / Average Target 23,9%
EPS Revisions
Managers and Directors
Shemara Wikramanayake Chief Executive Officer, MD & Executive Director
Alex H. Harvey CFO & Head-Financial Management Group
Glenn R. Stevens Chairman
Nicole Sorbara Global COO & Group Head-Corporate Operations
Michael J. Coleman Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
MACQUARIE GROUP LIMITED-19.51%42 344
EQUITABLE HOLDINGS, INC.-16.90%10 382
JEFFERIES FINANCIAL GROUP INC.-28.27%6 665
SBI HOLDINGS, INC.-14.61%4 852
FIRST CAPITAL SECURITIES CO., LTD.-15.57%3 882
OLD MUTUAL LIMITED-11.30%3 462