Market Updates

End of Day – Tuesday 9th August


Listen Later

  •  ASX 200 slightly better in a closing rally with the index up 9 points to 7030 (0.1%). Results focus. Another small range day today with Banks weighing following NAB results down 2.9% with the Big Bank Basket down to $ 175.59(1.5%). CBA results tomorrow with SUN bouncing 2.5% post its numbers and broker updates. Insurers doing well, QBE rising 1.4% and IAG up 1.8%. MQG in demand following Veolia deal, up 0.9%. ASX rose 0.5% and MFG rallying 2.8%. Healthcare better with CSL up 0.5% and RHC better by 0.4%. Industrials also in demand, WES up 1.8%, ALL up 1.4% and TLS up 0.8% with ‘old skool’ platform stocks doing well today. REA up 6.7% on results, SEK up 3.2% and tech better with the All Tech Index up 2.1%. XRO up 3.7% and WTC doing well up 2.5%. Resources coming off the boil slightly with OZL up 0.3% but BHP down 0.8%. Lithium stocks in demand and a huge short squeeze in some. LKE up 15.4% and LTR up 5.3%. Off highs but still strong. Base metals eased, S32 down 0.5%, IGO up 0.3%. Oil and gas stocks mixed. 
  • In corporate news, NAB fell 2.9% on slightly disappointing NIM numbers, NWS rose 5.9% as its digital offerings did well, MP1 results squeezed the shorts rising 10.0% and MSB fell 7.0% on yet another capital raising at 75c. 
  • In economic news, consumer confidence remains fragile and falling, hitting lowest level since April 2020. Asian markets mixed, Japan down 0.9%, China up 0.1% and HK up 0.3%. 



Why not sign up for a free trial? Get access to expert insights and research and become a better investor.

...more
View all episodesView all episodes
Download on the App Store

Market UpdatesBy Marcus Today


More shows like Market Updates

View all
CommSec Market Update by CommSec

CommSec Market Update

8 Listeners

Motley Fool Money by LiSTNR

Motley Fool Money

95 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

17 Listeners

The Money Puzzle by The Australian

The Money Puzzle

43 Listeners

Your Wealth by NAB

Your Wealth

4 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

11 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

54 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

21 Listeners

Buy Hold Sell, by Livewire Markets by Livewire Markets

Buy Hold Sell, by Livewire Markets

4 Listeners

Podcast Archive by Marcus Today

Podcast Archive

0 Listeners

FEAR & GREED | Business News by Fear and Greed

FEAR & GREED | Business News

9 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

16 Listeners

On the Couch by Marcus Today

On the Couch

6 Listeners

Chanticleer by Australian Financial Review

Chanticleer

8 Listeners

The Fin by Australian Financial Review

The Fin

15 Listeners

5 in 5 with ANZ by ANZ

5 in 5 with ANZ

3 Listeners