March 22, 2022

End of Day - Tue 22 Mar

14 minutes

The ASX 200 jumped another 63 points to 7356 (+1.0%) as commodity and energy stocks led the charge. Well off highs of nearly 100 points up. Miners leading the way, BHP up 5.1% accounting for 35 points alone. RIO up 3% and FMG up 1.2% joined in with lithium and base metal stocks in demand. PLS up 4.5% and MIN up 4.9%. S32 put in another good day up 3.1% with gold miners also in demand despite no bullion movement, NCM up 2.8% and NST rallying 1.9%. Energy stocks in demand, oil up again in Asian trade, STO up 2.2%, WPL up 1.6% and YAL doing well rising 3.0%. NHC ran 8.5% better on news of a special dividend and increased interim as higher coal prices turbo charging results. Banks were the other movers and shakers with the Big Bank Basket up to $188.59 (+0.45%), CBA up 0.4% and NAB up 1.1% as 10-year bond yields soared to 2.72%. MQG up 1.3% on a broker upgrade and Insurers better too, QBE up 2.5%. Industrials missed the fun with healthcare up flat with CSL down 0.6% and RHC up 1.3% after an approach for its Asian business. Tech slightly sloppy, SQ2 down 5.1% taking Z1P down 4.1% and XRO down 2.6%. The All-Tech Index fell 0.9%.
In corporate news, BLD fell 3.5% after an update on heavy rain recently. In economic news, ANZ Consumer confidence fell 4.8% last week as fuel price rises hit. Asian markets skipped higher in Japan by 1.2% and HK by 1.2% with China up slightly.

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By Marcus Today

March 22, 2022

14 minutes

The ASX 200 jumped another 63 points to 7356 (+1.0%) as commodity and energy stocks led the charge. Well off highs of nearly 100 points up. Miners leading the way, BHP up 5.1% accounting for 35 points alone. RIO up 3% and FMG up 1.2% joined in with lithium and base metal stocks in demand. PLS up 4.5% and MIN up 4.9%. S32 put in another good day up 3.1% with gold miners also in demand despite no bullion movement, NCM up 2.8% and NST rallying 1.9%. Energy stocks in demand, oil up again in Asian trade, STO up 2.2%, WPL up 1.6% and YAL doing well rising 3.0%. NHC ran 8.5% better on news of a special dividend and increased interim as higher coal prices turbo charging results. Banks were the other movers and shakers with the Big Bank Basket up to $188.59 (+0.45%), CBA up 0.4% and NAB up 1.1% as 10-year bond yields soared to 2.72%. MQG up 1.3% on a broker upgrade and Insurers better too, QBE up 2.5%. Industrials missed the fun with healthcare up flat with CSL down 0.6% and RHC up 1.3% after an approach for its Asian business. Tech slightly sloppy, SQ2 down 5.1% taking Z1P down 4.1% and XRO down 2.6%. The All-Tech Index fell 0.9%.
In corporate news, BLD fell 3.5% after an update on heavy rain recently. In economic news, ANZ Consumer confidence fell 4.8% last week as fuel price rises hit. Asian markets skipped higher in Japan by 1.2% and HK by 1.2% with China up slightly.