ASX hits fresh high; Westpac, Origin surge on trading updates

The Australian sharemarket hit an all-time intraday high for the fourth straight session, as a strong quarter from Westpac helped financials recover from sharp selling after Commonwealth Bank's results.
The S&P/ASX 200 added 63.8 points to 8890.90 at 10.12am AEST - the highest ever the benchmark index has been in any session.
It comes as an overnight rally pushed the S&P 500 and the Nasdaq to fresh records as investors piled into risk assets, buoyed by the prospects of a rate cut from the Federal Reserve next month.
Ten of the 11 index sectors were strong except for communication services as Telstra fell 2.7 per cent as its results largely met market expectation with a $2.34 billion annual net profit, up 31 per cent on a year earlier.
After sharp losses across financials on concerns over Commonwealth Bank's lofty valuations, the sector saw a recovery. National Australia Bank rallied 2.3 per cent, ANZ firmed 2 per cent and Westpac soared 5.2 per cent after net profit rose to $1.9 billion, a 14 per cent increase compared to the average of the first half of the 2025 financial year.
Commonwealth Bank meanwhile was down 0.7 per cent.
Stocks in focus
In company news, ASX fell 0.9 per cent after it posted a rise in full-year profit to $510 million, buoyed by its technology and data, and markets units even as listings revenue stalled.
Insurer Suncorp jumped 3.2 per cent as it reported a 52 per cent lift in net profit to $1.8 billion, which included gains from the sale of its bank to ANZ.
Origin Energy surged 7.3 per cent as core net profit climbed 26 per cent for the full year, as gains from its LNG business more than offset lower earnings from energy retailing.

Sumber : AFR