BUSINESS

SYDNEY — The Australian share market extended its recent losses Friday, March 20, 2026, with the benchmark S&P/ASX 200 index declining 69.4 points or 0.82% to close at 8,428.40 — its lowest finish in four months and marking a third straight weekly drop amid persistent Middle East tensions and commodity price pressure.

Catalyst Metals Ltd (ASX: CYL), a mid-tier Australian gold producer focused on the Plutonic and Golden Crown operations in Western Australia, saw its shares jump sharply on March 20, 2026, closing at A$6.58 after gaining 0.51 or 8.40% in heavy trading volume.

SYDNEY — The Australian stock market extended its losing streak Friday, with the benchmark S&P/ASX 200 index closing at 8,428.40, down 69.40 points or 0.82%, marking a fresh four-month low and its third consecutive weekly decline.

Australia's banking sector remains highly concentrated in 2026, with the "Big Four" banks — Commonwealth Bank of Australia (CBA), Westpac Banking Corporation (Westpac), National Australia Bank (NAB) and Australia and New Zealand Banking Group (ANZ)