Market Updates

End of Day Report – Friday 29 August: End of Results Season | ASX 200 up 2.6% for the month


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The ASX 200 has finished the day near flat. Down 7 points or 0.1%. Flat for the week only up 6 points. No major changes from midday. Tech strengthened into the close. Up 3.1%. Led by NXT having its best day on record. DGT taken up 4.7% for the ride. WTC, XRO and TNE all playing catchup after a sluggish week. Energy next best thanks to WDS bouncing back after going ex and Uranium. PDN and BOE up 7.7% Coal stocks mixed. Other resources mixed. BHP up 0.4%. RIO and FMG flat. Good week for the iron ore price. Lithium and gold up. Copper down. Rare earths mixed. BRE up on results. ILU up a touch and LYC down 5.8% as trading resumes.

Defensives all around the flat line. Financials and REITs worst. CBA and WBC sold off the most. NAB and ANZ near flat. MQG not reacting much to the positive Wall St lead. Insurers up. MPL bouncing. Reporting season over. NXT, HVN, ASB the winners. Not many losers in the Top 200. MSB, PXA and CUL worst. APE shot up another 9.5%, closing on the high. Now +26% in three days. Asian markets mixed. China and HK up. Japan down a touch. Not much of a lead from US futures yet. PCE price index main event tonight.

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