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New 12-year highs on Liberal win, ASX hits 6,478 pts: Aus shares up 1.3% at noon

20 May 2019 – ASX soared to new 12-year highs this morning on the banking sector rising 5%, clawing back from May’s selling. Westpac (ASX:WBC) shares up 7.2%, NAB (ASX:NAB) up 6.7%, ANZ (ASX:ANZ) up 6.8% and CBA (ASX:CBA) up 5.5%. Citi hikes Rio’s (ASX:RIO) capacity forecasts & Citi rises Xero’s (ASX:XRO) earnings forecast for FY20 by 3% on solid revenue. Your mid-session bulletin.

Source: Finance News Network

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