Market Updates

Marcus Today End of Day Podcast – Thursday 26th October


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ASX 200 fell 42 points to 6812 (-0.6%), rallying off a one-year low. Resources held up relatively well on some more Chinese stimulus and a falling AUD. BHP up 0.5%, and RIO up 1.2%. Lithium stocks on the nose, although some big winners, in AZS on a bid from SQM up 43.1% and RDN as a ‘nearolgy’ play. PLS fell 0.5% on production report, gold miners slid with NST down 0.8% and NCM recovering some early losses down 1.3%. Oil and gas stocks higher, with WDS flat and STO up 0.3%. Coal flat. Banks fell, with WBC off 1.1% on taking a small hit on provisioning, the Big Bank Basket down to $170.56 (-0.4%). Healthcare eased back, CSL once again bleeding red down 0.7%, and RMD bucking the trend up 0.4%. REITS off as yields rose on worries on further rate hikes after CPI. GMG off 2.6%, and GPT falling 2.2%. Industrials hit hard across the board, WOW off 1.3%, TLS falling 1.6%, and QAN dropping 0.8%. Interest rate stocks also down, TCL off 1.3%. Tech too, in the kennel today, WTC off 1.9% and XRO down 2.0%. The All-Tech Index fell 2.5%. In corporate news, plenty of production reports, quarterlies and broker upgrades. MP1 tumbled 16.3% on an update, COL up 0.2% on revenue up 4.7% in the first quarter, and JBH reported a slowdown in sales down 0.2%. FMG rose 0.9% on its production report. In economic news, Michele Bullock sparked an AUD sell-off after her first senate estimates. Asian markets weaker, with Japan down 1.3%, HK off 0.7%, and China falling 0.2%.Dow Futures down 66 points. NASDAQ Futures down 153 points

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