FEAR & GREED | Business News Afternoon Report | ASX up for the week
Nov 28, 2025
Market movers this week include a surge in Woolworths and WiseTech, with the ASX remaining flat overall. The final day of Parliament saw crucial laws passed before adjournment until 2026. Star Entertainment made headlines with a share price jump following their cleansing prospectus. Meanwhile, the RBA is considering easing restrictions on credit card surcharges amidst public backlash, while a federal ban on debit surcharges is set for next year. Tragically, a deadly tower fire in Hong Kong continues to raise the death toll.
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Local Market Calm Masks Weekly Gain
- The ASX finished effectively flat at 8,614 points while posting a 1.4% weekly gain.
- Market calm reflected US Thanksgiving and mixed moves across banks, miners and retailers.
Woolies Rally, Suncorp Weather Hit
- Woolworths had its best day in three months after an analyst upgrade, rising more than 3%.
- Suncorp fell 3% citing $350 million in storm-related costs for southeast Queensland and northern NSW.
Parliament Ends Busy Legislative Year
- Parliament concluded its final day for 2025 with several laws passed, including major environmental changes.
- Legislation this year also touched aged care, tax, superannuation and hate laws, marking a busy parliamentary session.