Marcus Today Market Updates
End of Day Report – Fri 14 Jan
January 14, 2022
The ASX 200 stumbled 81 points lower to 7394 (1.1%) on weak overseas leads and tech under pressure here. Banks took flight with the Big Bank Basket down to $180.07 (1%) led lower by CBA down 1.2%, NAB down 0.6% and MQG down 1.0%. Insurers also eased with QBE down 1.0% and PDL down heavily on disappointing FUM numbers falling 15.8%. Healthcare slipped as CSL fell 2.0% SHL down 1.2% though RMD rose strongly up 3.6%. Industrials were weak across the board. WES fell 2.1%, GMG down 1.9%, WOW down 2.9% and REH off 2.5%.
- Tech in trouble, APT in allsorts as Block fell in the US, APT down 9.2% and XRO down 5.1%. The All-Tech Index fell 2.6%. Not a fun place to be. Meanwhile in resources, a breather today in lithium stocks and iron ore, BHP down 0.4%, RIO off 1.0% and PLS down 0.3%. Gold miners in demand NST up 1.1% and EVN up 0.3%. Energy stocks fell, STO down 1.4% and WPL off 0.3%.
- In corporate news, BRN had another good day following an announcement on funding from its put arrangements, well off highs though up 7.1%. In economic news, new job ads fell 3.2% on SEEK. Asian markets were weaker and 10-year yields were steady at 1.85%.
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