Market Updates

End of Day Report – Friday 20 June: ASX 200 down 18 points | Gold miners better


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The ASX 200 falls another 18 points to 8506 (0.2%) in quiet trade. Banks eased back after a stellar run, CBA down 0.2% with ANZ off 2.5% and MQG falling 1.9%. Financials steady, ASX up 0.6%, must be the new logo, Insurers slightly better. REITs too turned up, DXS up 1.0% and CHC up 0.5%. Defensives slipped, WES off 1.6% and WOW and COL eased with TLS down 0.6%. Retailers also fell slightly, JBH off 1.2% and TPW falling 2.6%. Tech eased with the All-Tech Index unchanged.

Resources were mixed, iron ore whipped throughout the day but finished off, RIO down 1.3% and BHP up 0.2%. Gold miners rose after losses this week, NEM up 0.3% and EVN up 0.5% with lithium stocks falling as PLS dropped 5.0%. Uranium stocks stalled, BOE down 4.7% and DYL down 0.6%. Oil and gas mixed, WDS up 0.9%.

In corporate news, PBH in a halt as BBT announced an off-market takeover. BCB crashed % after it announced a possible pause in operations due to prices and royalties.

Nothing on the economic front locally. Japanese inflation rose more than anticipated. Asian markets better, Japan unchanged. China up 0.3% and HK up 1.0% 10-year yields 4.18%.

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