Why Commonwealth Bank of Australia Stock Price Is Holding Up as the ASX Sinks
Commonwealth Bank of Australia finished Thursday at A$177.36, up 0.15%. That’s a four-day winning streak for CBA, even as the S&P/ASX 200 dropped 1.7% to hit a four-month low. The stock now sits about 7% under its 52-week peak of A$191.40 from June 25, 2025. It’s catching attention now: investors are still piling into the big banks, despite the wider market wobbling as oil prices jump and inflation jitters linger. On March 17, the Reserve Bank of Australia pushed its cash rate—the main policy rate—up to 4.1% by a narrow 5-4 vote, fueling expectations that higher borrowing costs aren’t going away anytime soon.