Market Updates

End of Day Report - Thu 4 Nov


Listen Later

  • The ASX 200 rose 35 points to 7428 (0.48%) as it digested the Fed taper lite with banks leading the market higher. The Big Bank Basket rose to $189.12 1%. WBC still down and out with MQG showing how it’s done rising 1.3%. Insurers rose slightly too with QBE up 1.3% and IAG up 2.5%. 
  • Industrials firm TLS up 0.8%, REA up 2.2% and WES up 0.7%. Miners were mixed, BHP up 0.3% but FMG down 1.4% and RIO dropping 1.5%. Energy shares weaker and gold miners eked out some gains. Lithium stocks seemed to take a breather today with the uranium stocks taking up the baton. 
  • The tech sector was better as APT rose 2.4% and XRO rose 0.4%. In corporate news, DMP were sliced and stuffed after its AGM meeting saw warnings of cost pressures and falling sales in Japan, Down 18.4%. PDN rose 12.6% after talking up the reopening of its Namibian uranium plans, others followed suit. DHG mostly unchanged after its update. NHF rose 5.8% on good sales numbers, APT rose after its Square deal jumped another hurdle. Plenty on the economic scorecard but not market moving, bond markets were becalmed as players licked their wounds, 10-year yields steady around 1.83%.


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Market UpdatesBy Marcus Today


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