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 Report - Thur 9 Dec
- The ASX 200 see sawed from loss to gain today after two solid days. The index finished down 21 to 7384 (0.3%) in a late sell off with banks holding firm. The Big Bank Basket rose to $175.48 flat on the day CBA up 0.2% and NAB up 0.2% the stars. Another heartbreaking day for Hamish as MFG dropped again by another 4.9% to a two -year low. Insurers mixed with a mixed platter in industrials, WES down 1.0%, DMP down 3.0%, TCL off 2.0% and BXB rising 1.5%. Tech was mixed, APT up 0.5% and XRO down 3.2%. The All-Tech Index down 0.6%. Miners were mixed, BHP lost 1.2% but FMG gained 1.5%. IGO had a good day up 1.7% and LYC fell 0.3% despite Macquarie research initiation. Energy stocks eased back.
- In corporate news, SYD takeover received ACCC approval as did SWM/PRT. OZL rallied 0.6% after offloading some JV stakes. ACCC greenlights CWY deal to buy Suez. In economic news, payroll jobs growth slowed to 0.2%. 10-year yields firmed to 1.67%
MAJOR MOVERS:
· Winners: VUL, IMU, IHL, NVX, AD8, RED, TLX, AGL.
· Losers: RBL, CCX, SZL, BTH, TPW, MFG, Z1P.
· Positive sectors: Healthcare.
· Negative sectors: Miners. Tech. Energy.
· Hi 7418 Lo 7378. Narrow range.
· Big Bank Basket: Up to $175.48 unchanged
· All-Tech index: Down 0.6%
· Gold: Weaker at $2488.
· Bitcoin: Slips to US$49848
· Aussie Dollar: Higher at 71.66c 10-YEAR YIELD: Firms to 1.67%.
· Asian Markets: Japan down 0.3% Hong Kong up 1% and China up 2.1%.
· US Futures: Dow futures down 63 NASDAQ futures down 30.
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