[BENGALURU] Australian shares were barely changed on Friday as losses driven by energy stocks and a weaker outlook by Macquarie Group were partially offset by gains in the healthcare sector.
Shares of investment bank Macquarie Group fell as much as 7 per cent to the lowest since March 28 after it reported a 16.6 per cent rise in full-year profit, but warned that it expected fiscal 2020 results to be slightly lower than the current year.The Aussie financial subindex eased 0.7 per cent in early trade before paring some of its losses.
Defensive stocks like export-oriented healthcare stocks climbed 0.4 per cent with index heavyweight and drug manufacturer CSL advancing 0.5 per cent and medical device developer Resmed gaining 6.7 per cent following an upbeat third quarter results.
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Source: BusinessTimes - 🏆 15. / 51 Read more »