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Sun Nov 22, 2009

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Big lenders gather momentum

Nov 08, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The futures market has priced in a modest rise when the Australian sharemarket resumes trading on 9 November 2009. The S&P/ASX 200 has gained 46 per cent since March, but the banking sector has risen by 76 per cent in this time. Graham Harman of Citigroup still has an "overweight" recommendation on banking stocks, while Tom Quarmby of Macquarie Group says economic data for the first two months of 2010 will be a key influence on the near-term outlook for the sector.

Publication Date: 9 November 2009

STANDARD AND POOR'S ASX 200 INDEX
STANDARD AND POOR'S ASX 200 BANKS INDEX
CITIGROUP PTY LTD
MACQUARIE GROUP LIMITED - ASX MQG
GOLDMAN SACHS JBWERE PTY LTD
WESTPAC BANKING CORPORATION - ASX WBC
NATIONAL AUSTRALIA BANK LIMITED - ASX NAB
COMMONWEALTH BANK OF AUSTRALIA - ASX CBA
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY


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By David Ciampa

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