Market Updates

Marcus Today End of Day Report -Thursday 26th August


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ASX 200 finished down 41 at 7491 as CV19 cases and Jackson Hole event kept buyers cautious. Growth stocks under a little pressure with big miners slipping despite iron ore price rises and commodities picking up elsewhere. Banks held firm with the Big Bank Basket at $182.98. 

Results though the main focus, travel stocks doing well after QAN results and Alan Joyce’s unbounded optimism on international re-openings. QAN rose 3.5%, WEB up 0.7% and FLT reported today rose 4.0%. In other corporate news, APX slumped 21.4% after their numbers and an acquisition, A2M soured 11.8% as it continues with a strategic review, LNK broke on its numbers down 12.6% and IFL slipped 10.4% perhaps treated a little harshly. In the green corner, FCL produced the goodies and rose 15.5% with AEF up 4.0% on its numbers at the top end of the guidance.

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