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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  National Australia Bank Limited    NAB   AU000000NAB4

NATIONAL AUSTRALIA BANK LIMITED

(NAB)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 10/23
19.53 AUD   +0.62%
10/25MORGAN STANLEY : rates NAB as Equal-weight
AQ
10/25Australia's Westpac flags $870.4 million hit to second-half cash earnings
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10/23Australia, NZ dlrs poised for small weekly rises as greenback sags
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Australia shares end lower on soft data, China tensions

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08/31/2020 | 03:46am EDT

* Second quarter sales and wages slip, signal recession

* China to investigate alleged subsidies to Aussie wine imports

* Huawei ends Australian rugby league team sponsorship

Aug 31 (Reuters) - Australian shares finished lower on Monday as weak sales and wages data, coupled with growing diplomatic tensions with China, hit risk appetite despite a slowdown in coronavirus cases in Victoria.

Australian business reported a drop in second quarter sales and wages, overshadowing hopes that an end to the country's lockdown may be in the offing after COVID-19 hotspot Victoria state said daily fresh cases fell to a near-two-month low.

The S&P/ASX 200 index fell 0.2% to 6,060.5 at the close of trade. The country is set to report its second quarter GDP figures on Wednesday and is widely expected to confirm its first recession in three decades.

"Some people are taking the economic data with a grain of salt and trying to look through the past into the future rather than focussing on what the data is," said Henry Jennings, analyst at Marcustoday.

"But the data is not going to be good for sure, we're going to be confirming the recession that we knew we were in."

Meanwhile, biggest trading partner China launched an investigation into alleged government subsidies of some Australian wine imports, while telecom equipment firm Huawei scrapped a national rugby league team sponsorship amid escalating tensions between Beijing and Canberra.

The healthcare sub-index was the biggest drag on the benchmark, with industry heavyweight CSL losing 1.3% and ASX-listed shares of Resmed shedding 1.6%.

Energy stocks rose 2.1% as oil prices rose on global stimulus measures and surprisingly strong data from China's services sector.

Earlier in the session, IOOF Holdings became the country's top retail wealth manager after buying National Australia Bank Ltd's financial advisory arm for $1.1 billion. Trading in IOOF's shares was halted while NAB shares were little changed at the close of trade.

New Zealand's benchmark S&P/NZX 50 index slid 1.3% to finish the session at 11,937.56 after data showed business sentiment in August declined compared to the previous month. (Reporting by Arpit Nayak in Bengaluru; Editing by Shailesh Kuber)


Stocks mentioned in the article
ChangeLast1st jan.
ASX LIMITED -0.96% 81.32 End-of-day quote.3.71%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.19% 0.71183 Delayed Quote.1.65%
CSL LIMITED -0.51% 294.82 End-of-day quote.6.91%
IOOF HOLDINGS LTD -1.54% 3.2 End-of-day quote.-59.29%
LONDON BRENT OIL -0.19% 41 Delayed Quote.-35.76%
NATIONAL AUSTRALIA BANK LIMITED 0.62% 19.53 End-of-day quote.-20.71%
RESMED, INC. 0.11% 183.03 Delayed Quote.18.11%
S&P/ASX 200 -0.18% 6155.6 Real-time Quote.-7.74%
WTI -0.32% 39.078 Delayed Quote.-33.87%
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All news about NATIONAL AUSTRALIA BANK LIMITED
10/25MORGAN STANLEY : rates NAB as Equal-weight
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10/25Australia's Westpac flags $870.4 million hit to second-half cash earnings
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Financials
Sales 2020 17 430 M 12 397 M 12 397 M
Net income 2020 3 246 M 2 309 M 2 309 M
Net Debt 2020 - - -
P/E ratio 2020 19,7x
Yield 2020 3,03%
Capitalization 64 146 M 45 620 M 45 626 M
Capi. / Sales 2020 3,68x
Capi. / Sales 2021 3,65x
Nbr of Employees 35 245
Free-Float 99,3%
Chart NATIONAL AUSTRALIA BANK LIMITED
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National Australia Bank Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends NATIONAL AUSTRALIA BANK LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 20,96 AUD
Last Close Price 19,53 AUD
Spread / Highest target 28,0%
Spread / Average Target 7,31%
Spread / Lowest Target -18,5%
EPS Revisions
Managers
NameTitle
Ross Maxwell McEwan Group CEO, Managing Director & Director
Philip Wayne Chronican Chairman
Patrick C. Wright Chief Technology & Operations Officer
Gary A. Lennon Group Chief Financial Officer
Geraldine Celia McBride Independent Non-Executive Director
Sector and Competitors