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 – 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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