Market Updates

End of Day – Thu 10 Feb


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  •  The ASX 200 closes up 20 points to 7289 (0.3%). Strong start on NAB results evaporates as US CPI in focus. NAB results positive firing up the sector again with the Big Bank Basket up to $180.78 (1.7%). NAB rose 4.5%. MQG still under some pressure post result down 2.2%. MFG rallying a little despite platform woes. Insurers under pressure with QBE down 1.0% and SUN off 1.9%. Industrials flat with COL down 1.4% and WOW off 0.7%. Travel stocks mixed, QAN down 2.4% more flights more expensive fuel perhaps? WEB and FLT mixed. Tech stocks doing ok with SQ2 the stand-out up 9.7% as Block rallied in US. The All-Tech Index up 1.0%. 
  • Miners were mixed BHP down 0.1% and FMG rising 4.0%. Lithium stocks firmed with PLS up 1.2% and MIN bouncing back 3.6%. Gold miners going nowhere and energy stocks losing some oomph with STO down 0.9% and WPL off 1.0%. 
  • In corporate news, NAB was the stand-out with better than expected results. CIM dropped 7.1% on plenty of work but not plenty of profit. ASX lost 3.8% and a CEO for no reason. NST down 0.5% on its results. Not much on the economic front with US CPI tonight. Asian stocks Japan up 0.3% and China down 0.5%. 10-year yields steady at 2.09%

 
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Market UpdatesBy Marcus Today


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