The ASX 200 (ASX: XJO) is currently down slightly, though it was down around 1% at the open. It has recovered to be almost flat since early trading.
ASX banks surge
The big four ASX banks make up a major component of the index, so when they rise it makes a big difference for the share market.
At the time of writing, the Commonwealth Bank of Australia (ASX: CBA) share price is up 4.35%, the Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price is up 7.8%, the Westpac Banking Corp (ASX: WBC) share price is up 7.4% and the National Australia Bank Ltd. (ASX: NAB) share price is up 7.45%.
Today follows on from a strong day yesterday.
CSL (ASX: CSL) drops
The strengthening Australian dollar is not good news for businesses that earn in US dollars, such as CSL.
Right now the CSL share price is down by 5.7%, which is painful for the ASX 200 as it’s the biggest constituent.
Vitamin business Blackmores (ASX: BKL) announced a capital raising this morning to strengthen the balance sheet and to fund more growth into Asia. It’s currently in a trading halt.
Testing business ALS (ASX: ALQ) has reported its FY20 result, it recognised some sizeable impairments but the share price is up 3.4%.
After this week’s strong gains, the Afterpay (ASX: APT) share price has lost more than 5% after recently reporting it had reached 5 million active US customers.
The cheapest way to be invested across the entire ASX 200 is an ETF like the A200 ETF.