Market Updates

End of Day - Thursday 18th August


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  •  ASX 200 fell 15 points to 7113 (0.2%) in a day dominated by Super Thursday results. Resources are stumbling lower as gold miners slid, NCM off 2.9% and NST down 4.1%. Base metals and lithium shares under a little pressure, MIN off 1.0%, PLS down 1.9% and LYC falling 3.1%. Oil stocks firmed on higher crude prices, coal stocks again in demand, WHC up 2.2% and NHC better by 3.7%. Industrials slipped slightly, TCL disappointed with results falling 3.4%, WES eased 0.8%, REITs down led by SCG down 1.0%. Healthcare mixed as CSL rallied 2.3% with the rest of the sector suffering from the sniffles. Tech down and out for now, WTC down 1.9%, XRO off 7.1% and SQ2 falling 6.0%. The AllTech Index fell 2.2%. Banks were mixed as CBA rallied 1.4% and NAB up 0.3% with ANZ and WBC easing lower. The Big Bank Basket pretty unchanged at 178.33 Insurers eased and MQG slid 0.9% with ASX off 4.0%. MFG continues lower by 0.9% with PNI down 2.6%. 
  •  In corporate news, plenty happening, TWE rose 4.0% following its numbers, BXB 3.6% better on broker upgrades, IRE moving higher in results, CDA and BKL both tanked on disappointing numbers, XRO fell 7.1% and TLX down 8.7%. KLL returned to trade with a large capital raise and debt restructure, down 38.0%. In economic news, the jobs headline was 3.4% unemployment. Everyone that wants a go gets a go. Scottie has many goes. Asian market weaker, Japan down 0.9%, China down 1% and HK down 0.7%. 10-year yields rise to 3.32% 



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Market UpdatesBy Marcus Today


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