ASX 200 managed to eke out a 6-point rise to 7645 (+0.1%) in relatively stable trade. Results kicked off this week and plenty of stock volatility to keep us amused. Mixed session with banks flat, Big Bank Basket back above $200 (+0.1%). MQG down 0.2% and GQG seeing some end-of-week profit-taking. REITs are back in demand led by SGP up 1.1% and SCG up 0.6%. Industrials better, WES up 0.5%, REA up 5.9% on broker upgrades, BXB better by 1.1%, tech also in demand, WTC up 1.4% with the All-Tech Index up 1.5%. Resources are back under pressure, except in selected lithium stocks, LTR had a stellar bounce ahead of Gina being clear to bid perhaps, up 10.4%. PLS went nowhere, shorts being patient, IGO dropped 0.8% and LYC falling 1.3%. Uranium stocks hit the skids today after spot prices slipped under $100. Cameco results were a factor. BOE lost 12.7% and PDN off 7.0%. Gold miners eased, EVN off 0.7% and NST falling 0.4%. Iron ore stocks mixed, RIO up 0.5% and FMG losing 0.8%. Oil stocks down, WDS dropped 1.5% and coal not such a merry old soul. In corporate news, BLD showed the joy of pricing power with a guidance upgrade and an 8.3% gain. COH up 5.9% on broker upgrades, CHC to sell $500m of assets as write downs hit. Not much on the economic front, RBA governor Bullock in front of a Senate Committee saying rates can fall before inflation gets to 2.5%. Meanwhile, it is relatively quiet in Asia ahead of Lunar New Year celebrations kicking off tomorrow. HK open, but China closed for a week. Japan hitting fresh highs. Dow Futures down 32 points. NASDAQ Futures up one point. 

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

Make life simple. Invest with Marcus Today.