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Marcus Today End of Day Report -Tuesday 31st August


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ASX 200 put in an impressive day up 30 to 7535 as month end window dressing helped. Last day of reporting season with a collective sigh of relief all around. Industrials today were the stars as EDV rose 4.4%, WOW up 0.8%, WTC up 5.7% and REA doing well up 1.8%. Healthcare was a big source of points with CSL up 0.5% and RMD bouncing back 3.3%. Banks were a little overlooked as were iron ore plays, although base metals in fashion and uranium doing very well, SLX up 18.5% and BMN up 9.4%. Corporate results eased with HVN easing back 3.2% on it numbers, DUB doing well up 9.0% and DGL impressive results up 9.3%. On the downside MSB fell 15.9% on its results, more a money pit than results, AXE eased 7% after a ASX query too. Weekly consumer confidence was little changed last week, up 0.2% despite higher COVID-19 case numbers in NSW and Victoria. Vaccination momentum was labelled as one reason for the modest improvement.

European markets opening slightly firmer. UK back on line.

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