Marcus Today Market Updates

Marcus Today End of Day Podcast – Wednesday 23rd November

November 23, 2022 Marcus Today
Marcus Today Market Updates
Marcus Today End of Day Podcast – Wednesday 23rd November
Show Notes

 ASX 200 rose 51 points to 7232 (0.7%) in disappointing trade really. Early signs of kicking on evaporated and we gave a little back, iron ore in China slipped over 2% but that didn’t hurt BHP up 1.0% and RIO up 0.5%. Base metals held firm with S32 up 2.0%, LYC up 1.8% and MIN doing well up 1.9%. Gold miners rallied despite little movement in bullion, NST up 2.2% and NCM better by 2.4%. Energy both old and new, was the place to be, lithium stocks mixed, AKE up 1.5% and CXO rising 2.1%, WDS up 0.9% and coal stocks soaring as WHC rose 5.6% with YAL up 3.8%. Big Banks were also better yet again, CBA hitting records, up 0.5%, the Big Bank Basket up to $188.18 (1.1%). MQG joined in today up 1.6% and insurers also firm. Industrials positive, REITS a little better and healthcare ahead with CSL up on upgrades and news. Techno slipping as WTC crashed 6.7% on its AGM statement. All-Tech Index down 0.5%. In corporate news, CXL rose 7.8% on its CEMEX announcement, CHN up 6.5% on a drill report and QAN dominated as it raised guidance by $1bn in just six weeks, rising another 5.3%. PNV slipped back 8.9% on its capital raise and GNG fell 6.5% on its AGM report. Nothing to write home about on the economic front. Japan closed for Thanksgiving. China seeing more lockdowns and the index easing back slightly. 10-year yields back to 3.58%

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