Banks show steady gains after raisings.

And so Westpac (WBC) is the final of the big four to conduct their $3.5bn entitlement offer.
Surprised a few by sneaking it in before the annual results.  Raising fairly small amount at offer price of $25.50 on a 1 for 23 basis.

So how are NAB, CBA and ANZ travelling after their raisings?

• NAB offer price $28.50   Currently up over 10%
• CBA offer price $71.50   Currently up over 7%
• ANZ offer price $26.50   Currently up over 8%

With sentiment in the market slowly improving one imagines demand for WBC will be fairly high.