End of Day Report – Tuesday 15 October: ASX hits new record, up 66 | Banks and miners rally

ASX 200 continued its march higher today, up 66 points to a new record close of 8318 (+0.8%) as the banks and miners rose in lockstep. The Big Four were back in demand with the Basket up to $240.18 (+1.6%). MQG managed a 0.3% rise with other financials doing well too, ASX up 1.3% and NWL up 2.9%. REITS recovered after yesterday’s sell-off. GMG up 0.7% with SCG up 0.6%. Healthcare better too, CSL continuing higher up 0.6% with RMD up 0.9% and PME rising 2.0%. Industrials firmed, WTC and XRO better in the tech space, WES up 0.6% and TCL rising 2.0%. QAN up 2.0% with retail better, JBH up 1.3% and WEB recovering 1.6%. DMP warmed up nicely, up 1.8%. Resources firmed too, BHP up 0.5% with FMG leading the charge up 2.3%. Gold miners positive, BGL up 1.4% with GMD up 1.5%. Lithium stocks missed the memo, oil and gas too fell on OPEC forecasts. Uranium stocks in demand following Google embracing nuclear. PDN up 2.4% and DYL up 5.7%. In corporate news, TYR dropped like a rock on news that the government will ban POS charges on debit cards, down 11.0%. HUB rallied 2.7% on FUA news. ALD fell 2.3% despite its latest cost-cutting plan. IEL fell 7.4% on lousy AGM forecasts. In economic news, Short-term visitor arrivals gained 658,810, an increase of 9.2% on one year earlier. Asian market mixed again, with Japan up 1.0% with China and HK modestly lower. 10Y yields steady around 4.26%. Dow Futures up 52 points and NASDAQ Futures up 9 points.

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