Market Updates

Marcus Today End of Day Podcast – Friday 16th February


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ASX 200 finished up 53 points to 7658 (0.7%) off early highs but still a very solid day. Up 10 points for the week. Most cylinders firing today, Banks firm as usual with the Big Bank Basket up to $202.34 (). CBA bounced 1.9% the best of the four. MQG rose 0.3% after big run yesterday, insurers slipped as big premium increases may have peaked. QBE and IAG reported falling 1.7% and 3.8% respectively. REITs better again as bond yields steady at 4.17%. GMG kicked a little higher, consolidating gains up 0.5%. SGP up 1.1%. Industrials were steady with results in focus, TLS slipped 1.0% on broker comments, WES rose again by 1.7% and Tech was more muted with WTC up 1.8%. Resources saw some solid buying today. Lithium stocks came back hard, PLS up 7.2% and MIN up 4.7% with LTR roaring ahead up 11.9%. Gold miners too found friends, NST up 3.1%. Iron ore miners pushed back up ahead of China reopening and signs of life on Lunar New Year celebrations. BHP is up 1.0% shrugging off write-down woes. Oil and gas stocks also gained. Uranium steady. In corporate news, NEU dropped 14.2% on a short report on its US partner, GQG rose another 3.3% on results better than expected. ING dropped 12.5% on the outlook statement, and BRN held a virtual roadshow, gaining another 26.3%. Nothing on the economic front, US PPI tonight. Asian market strong, Japan heading for an all-time high. Yields pretty steady here at 4.19%

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Market UpdatesBy Marcus Today


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