Market Updates

Marcus Today End of Day Podcast – Tuesday 12th December


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ASX 200 pushed on to a three-month high on a low volume day. Up 36 points to 7235 (+0.5%). Banks up, with CBA up 0.4% and ANZ rallying 0.8%, with the Big Bank Basket up to $183.67 (+0.5%). MQG up 0.4%, with insurers slightly weaker, QBE down 0.2%. REITs firmed, GMG up 0.7% and VCX up 2.6%, with industrials also in demand, BXB up 1.6% and WOW doing well up 1.8%, with JBH up 0.6%. Tech also in demand, with XRO leading the charge of broker optimism. WTC up 2.68% and the All-Tech Index up 1.2%. Healthcare better too, COH up 2.4% on a broker upgrade. CSL improved 0.7%, and RMD gaining 1.3% on a positive court ruling. In resources, Iron ore miners mixed, FMG up 1.6% with BHP flat and RIO weaker. Lithium stocks once again sold off, PLS down 2.8% and LYC tanking 4.6% gold miners were mixed, NST down 0.2% and NEM up 0.1%%. Oil and gas stocks firm, coal up with WHC up 1.8%. In corporate news, SIG returns to trade tomorrow, IPL has a new CEO, and on the economic front, a positive Q&A from RBA chief helped sentiment. Asian markets trading with a positive bias, Japan down 0.2%, HK bouncing 0.9%, and China up 0.1%. Dow Futures up 10 points. NASDAQ Futures up 20 points. 

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