Australian shares round out September with fresh record

Australian shares round out September with fresh record
The sale of its Australian plumbing supplies and distribution business gave Fletcher Building shares a 6% boost. (Image: File)
AAP
By Derek RoseThe Australian share market has ended September with a fresh record as the local currency hit a 19-month high.The S&P/ASX200 on Monday climbed as high as 8,285.7, eclipsing its previous intraday record of 8,246.2 set on September 20. It finished the day at 8,269.8, up 57.6 points, or 0.7% from Friday's close – its previous highest-ever close.Moomoo analyst Jessica Amir said September had brought out the bulls despite traditionally being the weakest month for stocks. The ASX200 finished the month up 2.2% after being es...

More Markets

The Warehouse CEO Mark Stirton unveils cost reset amid margin pressure
Retail

The Warehouse CEO Mark Stirton unveils cost reset amid margin pressure

Continued margin pressure and an unsustainable cost base have led The Warehouse Group to implement a comprehensive cost reset programme, something which could see head office roles slashed to save costs.Chief executive Mark Stirton said the group’s shareholders expect decisive ac...

Banks accelerate crackdown on ‘mule’ scammers
Finance

Banks accelerate crackdown on ‘mule’ scammers

New technology picks up crooked “muleteers” more quickly.

Synlait Milk to say goodbye North Island
Primary Sector

Synlait Milk to say goodbye North Island

Dairy companies’ AGM season kicks off this week.