The ASX200 dropped and bounced closing up 26 points at 7274 (0.4%) as worries about contagion waned. Dow futures helping the cause up around 220 points.
RBA minutes showed lower for longer. Despite commodity falls buyers streamed back in with iron ore miners even doing well, BHP
up 0.6% and FMG
up 0.3%. Second liners also prospered GRR
up 3.3% and MGX
rising 6.2%. Gold miners were in the green zone today with bullion higher, NCM
up 0.8% and NST
up 1.0%. BGL
had a very good day rising 6.4%. Oil and gas also better led by STO
up 1.1% and WPL
rallying 1.7%. Healthcare firmed, CSL
Industrials were mixed with WES
firmer by 0.9% and REA
up 2.4%. Tech better as the All
Index up 0.8%. APT
rose 0.9% and WTC
continuing to bound ahead by another 5.1%. Banks were sloppy with the Big Bank Basket down to $179.78.
In corporate news, APA
upped the ante for AST
with a 260c cash and scrip bid, AST rose 9.8%. MLT is all over as the scheme is now legal and KMD
eased back 1.4% after a slight warning on 1HFY22 earnings.
On the economic front, RBA minutes showed lower for longer for record low rates and ANZ-Roy Morgan Consumer Confidence blip higher.Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.