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 – Monday 19 August: ASX 200 up 9 | WBC results
ASX 200 managed a small 9-point rise to 7976 (0.1%) as results dominated. WBC off to a promising start, up 2.5% its 3Q update beating estimates, the Big Bank Basket rose yet again to $236.30 (1%). Other financials mixed, MQG lost 0.1% as it launched a $1bn hybrid issue. SUN up 1.3% on results. REITs mixed, GMG down 1.3% with GPT firing 1.7% higher. Industrials wafting around. Staples were ok, retail held on to gains, dull industrials lost ground. REH down 3.9% on results, SVW off 2.2% and RWC also 2.9% lower. In resources, iron ore continues to flounder. BHP falling 0.7% and FMG down another 1.9%, gold miners better on bullion prices NST up 1.7% and EVN up 2.7%. Uranium stocks are falling with a clear out happening, PDN down 5.8% and BOE off 4.6%. Oil and gas slightly firmer. In corporate news, A2M soured 18.8% on the Chinese outlook. ADB soared 19.9% on the same numbers from two weeks ago, WBC did well, NXL leapt 25.5% on its results, and LLC fell 0.8% as it continues to jettison the international division. Nothing on the economic front today, RBA Minutes tomorrow. Asian markets mixed, Japan down 1.7%, China up 0.3% and HK up 0.8%. Australian 10-year yields 3.92%.
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