Market Updates

Marcus Today End of Day Report -Friday 7th May


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ASX 200 closes up 19 points at 7081 for a 0.8% gain for the week. Bank and iron ore miners once again dominated. MQG slightly underwhelmed on results with no guidance given and a dividend below what some had hoped for.  BHP led the mining sector higher up another 0.6% and gold miners shone today with NCM up 3.8%. Tech stock remains a weak sector with APT down over 4% but APX managed a decent rally today up 5.6%. Travel stocks also in demand as no new cases discovered in Sydney. WEB and FLT up around 7.3%. US NFP the big data point tonight. 1m jobs is the magic number. Have a great weekend. Happy Mother's Day.

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