Market Updates

Marcus Today End of Day Podcast – Monday 7th August


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ASX 200 drifted 16 points lower to 7309 (-0.2%) as iron ore miners and banks wallowed. WBC and ANZ, the worst performers ahead of CBA numbers Wednesday. The Big Bank Basket down to $176.94 (-0.2%). Insurers slid with QBE off 1.8% and SUN dropping 2.6%. MQG slightly firmer up 0.4% and GQG up 4.5% on better FUM numbers . GMG led the REITs bouncing as bond yields came under pressure, SCG up 1.1% and VCX rallying 0.5%. Healthcare was once again in ICU, RMD slipped 4.3% on downgrades, CSL dropped 1.1% and MSB continued to trade lower, down another 12.8%. Industrials were firm as TLS rose 0.5%, WES up 0.5% and BXB rallied 0.6%. Tech mixed, WTC up 0.6% and XRO off 1.2%. The All-Tech Index falling 0.6% as SQ2 dropped like a rock, down 10.1%. In resources, Lithium stocks came under a little pressure despite some good news in PLS up 3.8% and AKE up 2.4% but LTR and LRS both slid. Iron ore stocks once again under pressure, FMG down 1.6% and RIO off 0.8% with gold miners mixed. Oil and gas stocks were better as STO rose 0.3% and WDS up 0.6%. In corporate news, EHE rose 8.5% on news of the Scheme from Bain and the ACCC extended the ORG takeover decision again. PLS upgraded its resource, DHG saw its CFO leave for TPG and NIC has completed it haul road in Indonesia. Nothing on the economic front. Asian market weaker with China down 1%.10-year yields at 4.06%. Dow futures up 101 points. NASDAQ futures up 83 points.

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Market UpdatesBy Marcus Today


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