Market Updates

End of Day – Friday 5th August


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  • ASX 200 finished the week in style hitting a high or 7016 up 41 points (0.6%). Global markets hitting two-month highs. Resources were back in fashion, BHP leading the charge, up 1.7% and RIO up 2.6% with FMG rallying 2.7%. Base metals in demand too, OZL up 3.1%, IGO up 4.1% and S32 rallying 2.4%. Gold miners shining, NCM up 0.7%, DEG up 3.2% and EVN up 3.4%. Lithium stocks too continued the rally, LTR up 6.7% and CXO up 6.2% on a new CEO. Oil and gas though fell sharply, KAR down 5.85% WDS off 1.3% and STO falling 0.7%. Old king coal not such a merry old soul either WHC down 3.5% and NHC off 5.4%. Industrials and healthcare going nicely nicely. CSL up 0.7% with RHC finding friends finally up 3.7%, COH also up 1.8%. WES rallied 1.5%, TLS very solid again up 1.0% and COL, EDV and WOW doing well. Tech better, WTC up 1.2% on an upgrade, XRO eased 2.6% and CPU off1.5 %. The All-Tech Index off 1.1%. The banks were solid, CBA slipped 0.4% but the other three solid, ANZ up 0.8% and Rights up 5.7%. MQG rallied with insurers also in demand, QBE up 1.3% and SUN ahead by 1.7%. The Big Bank Basket steady at $177.23(0%). 
  • In corporate news, ARU dived 14.0% as its capital raising weighed. SQ2 fell 6.2% on the US results. The RBA released its SOMP. No surprises really. None expected. Asian markets firm, Japan up 0.8%, China up 0.3% and HK unchanged.


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Market UpdatesBy Marcus Today


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