Market Updates

End of Day – Mon 14 Mar


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  • The ASX 200 jumped out of the blocks consolidating the gains and finishing up 86 points to 7149(1.2%). US futures optimism helping ahead of FOMC this week. Financials and industrials were the backbone, the Big Bank Basket rose to $182.19 (2.4%), MQG up 2.6% and insurers better with SUN up 3.2%. Higher bond yields driving financials.  MFG slipped again on FUM running out the door, down 1.4%. Healthcare was better, CSL up 2.6% and COH up 2.0%. In the industrials, TLS rose 1.6%, COL up 2.2% and WOW higher by 0.9%. REITs firm with tech mixed, SQ2 down 3.7% with CPU up 2.6% and the All-Tech Index up 1.1%. Miners were generally weaker, BHP off 0.7%, FMG down 1.0% and IGO falling 2.0% on delays to the WSA bid. WGX came back from suspension after a capital raise falling 12.70%. Oils eased back, STO down 0.3% and WPL off 0.2%. 
  • In corporate news, ELD soared on a business update with a 11.00% gain to a near 12-year high. VRT rose 7.5% on an agreed bid for the company from Cap Vest at 825c. BOE fell 3.8% in half yearly results.  Asian markets mixed with HK under pressure on CV19 issues. 10 year yields up to 2.44%



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Market UpdatesBy Marcus Today


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