Market Updates

End of Day Report – Wednesday 10 July: Big Bank Basket flat, Big Resource Basket tumbled 1.1%.

July 10, 2024 Marcus Today
End of Day Report – Wednesday 10 July: Big Bank Basket flat, Big Resource Basket tumbled 1.1%.
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Market Updates
End of Day Report – Wednesday 10 July: Big Bank Basket flat, Big Resource Basket tumbled 1.1%.
Jul 10, 2024
Marcus Today

The ASX 200 has finished the day down 13 points (-0.16%) to 7817 in mixed trade which saw a recovery from opening lows. Telecom was the best performer for a second day in a row thanks to TLS rising another 2.4% on positive broker commentary. Industrials rose as a drop in bond yields took TCL 1.1% higher. JHX lost 2% after a broker pushed out the US renovation market recovery till FY26. AZJ gained 0.6% after Morgans forecasted EPS growth of 16% this financial year. Defensives, Financials and Health Care held ground. Three of the big four banks well off morning lows. CBA and NAB down 0.1%, WBC down 0.6%. ANZ up 1.4%. Bell Financial had positive results rising 3.3%. There aren't many listed stock brokers. COH up 1.7%, PME down 0.3%.

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Show Notes

The ASX 200 has finished the day down 13 points (-0.16%) to 7817 in mixed trade which saw a recovery from opening lows. Telecom was the best performer for a second day in a row thanks to TLS rising another 2.4% on positive broker commentary. Industrials rose as a drop in bond yields took TCL 1.1% higher. JHX lost 2% after a broker pushed out the US renovation market recovery till FY26. AZJ gained 0.6% after Morgans forecasted EPS growth of 16% this financial year. Defensives, Financials and Health Care held ground. Three of the big four banks well off morning lows. CBA and NAB down 0.1%, WBC down 0.6%. ANZ up 1.4%. Bell Financial had positive results rising 3.3%. There aren't many listed stock brokers. COH up 1.7%, PME down 0.3%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.