Episode Details

ASX 200 fell 2 points to 7496 in quiet trade fighting back from early small losses. Banks solid but unspectacular, the Big Bank Basket up to $193.85 (0.1%). Financials followed suit, MQG up 1.0% on Blackrock infrastructure deal and REITs doing ok, GMG up 0.6% and MGR rising 0.5%. Insurers better. Healthcare is struggling as CSL sees some profit-taking. RMD slips 1.7% on recent news of FDA Class 1 Recall. Industrials flopping around, TLS having a good day, up 2.1% as a defensive domestic stock, TPG better too. Tech unchanged. Retailers taking their queue from SUL after trading update, rising 5.7%. JBH up 3.5% and PMV rallying 4.0%. In resources, iron ore stocks remain on the nose, BHP down 1.1% and RIO off 0.6%. Lithium stocks under pressure again, PLS down 4.8%, IGO falling 5.8% and MIN down 3.0%. Gold miners better and uranium stocks tearing up the field, PDN up 7.5% and DYL up 11.6%. Oil and gas stocks too doing well, STO up 3.7% on Barossa news, rising % and WDS up 1.1%. Coal miners also in demand, WHC up 2.0%. In corporate news, TAH down 0.7% as Victoria ordered it to stop taking cash bets. CHN fell another 9.7% as the bears got stuck in. Nothing on the economic front locally, China kept rates on hold, US closed tonight. Asian markets mixed, Japan hitting fresh highs. 10-year yields steady around 4.08%.

Why not sign up for a free trial? Get access to expert insights and research and become a better investor.

Make life simple. Invest with Marcus Today.