Market Updates
A twice daily podcast from the team at Marcus Today, the stock market newsletter for investors, bringing you up to speed with the latest stock market, financial, and business news. Published just before market open and after market close (AEST), Monday to Friday.
Market Updates
End of day – Friday 19th August
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Marcus Today
- ASX 200 closes flat after a quiet day at index level but a flurry of results provide plenty of fun beneath the surface. Banks slid slightly with the Big Bank Basket down to $176.15 (1.2%). CBA down 1.0%, ANZ off 2.0% and other financials unchanged. MQG flat, insurers flat too. Healthcare suffering with CSL down 1.5% and FPH dropping 5.2% on results. RHC up 1.6% and COH up 2.2% on its results. Industrials firmed to finish the week, WES up 0.7%, TLS doing well up 0.5% as TPG fell hard on disappointing results, down 12.5%. Tech slightly higher although XRO falling 2.0% on negative broker moves. The All-Tech Index down 0.3%. REITS struggled led lower by GMG down 2.6%. Resources were better finishing the week in style as IO stocks rallied, BHP up 1.0%, FMG up 0.4% and RIO up 1.5%. Base metals stocks also doing well with S32 up 1.7% as coal stocks fired up yet again, WHC 6.2% TER up 7.8% and NHC rising 4.0%. Lithium stocks still a little becalmed and some profit taking creeping in, LTR down 1.5% but majors better, AKE up 1.5%. Oil and gas stocks doing well as crude rises, WDS up 4.2%, STO up 6.4% and KAR doing very well up 7.3%. Gold miners better as NCM rose 3.6% on better than expected results.
- In corporate news, plenty going on as we hit the half-way point on results. TPG cratered on mobile wars, AX1 had a great day on better numbers, up 11.0%. ING down 9.4% with LFS off 1.6% as Fahour set to leave in a year. Nothing significant on the economic front. Asian markets mixed but little changed. 10-year yields up to 3.39%, creeping higher.
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