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ASX 200 rose 24 points to 8100 (+0.3%) having hit close to an all-time high and backed off. Banks sold off as resources rose. It was the turn of iron ore and gold miners to rally hard. FMG up 4.8% and BHP bouncing 2.1%. MIN up another 0.8% with gold miners hitting their straps. NST up 4.1% and EVN up 7.2% with DEG up 7.0% and GMD rising 2.3%. Lithium stocks eased back, PLS up 1.0% and IGO off 1.8%. Uranium stocks too under pressure after the short squeeze yesterday. PDN down 4.5% and DYL off 2.1%. Oil and gas stocks are better, WDS up 1.3%, and STO rallies 0.8% on Hurricane Francine. Banks turned to losses as money flowed to resources, CBA off 1.0% with the Big Bank Basket down to $243.18 (-0.9%). Insurers eased slightly and REITs firmed, GMG up another 2.5% with SCG rallying 1.1%. Industrials mixed, tech slid slightly, XRO down 1.6% and WES fell 0.7% with QAN up 1.0%. Retail stocks drifted lower, JBH down 1.1% and LOV off 0.7%. In corporate news, NAM got an increased bid, ALX had a win in France, now to the compensation claim. Nothing locally on the economic front. Asian market mixed again. Japan down 0.8% on a stronger yen, China down 0.2% and HK up 1.1%. 10Y bonds trading at 3.82%.
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By Marcus TodayASX 200 rose 24 points to 8100 (+0.3%) having hit close to an all-time high and backed off. Banks sold off as resources rose. It was the turn of iron ore and gold miners to rally hard. FMG up 4.8% and BHP bouncing 2.1%. MIN up another 0.8% with gold miners hitting their straps. NST up 4.1% and EVN up 7.2% with DEG up 7.0% and GMD rising 2.3%. Lithium stocks eased back, PLS up 1.0% and IGO off 1.8%. Uranium stocks too under pressure after the short squeeze yesterday. PDN down 4.5% and DYL off 2.1%. Oil and gas stocks are better, WDS up 1.3%, and STO rallies 0.8% on Hurricane Francine. Banks turned to losses as money flowed to resources, CBA off 1.0% with the Big Bank Basket down to $243.18 (-0.9%). Insurers eased slightly and REITs firmed, GMG up another 2.5% with SCG rallying 1.1%. Industrials mixed, tech slid slightly, XRO down 1.6% and WES fell 0.7% with QAN up 1.0%. Retail stocks drifted lower, JBH down 1.1% and LOV off 0.7%. In corporate news, NAM got an increased bid, ALX had a win in France, now to the compensation claim. Nothing locally on the economic front. Asian market mixed again. Japan down 0.8% on a stronger yen, China down 0.2% and HK up 1.1%. 10Y bonds trading at 3.82%.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.

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