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 - Mon 10 Jan
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Marcus Today
- The ASX clawed its way back to finish down 6 at 7447. After a negative start on tech woes, resources kept the index close to flat on thin holiday volumes. Iron ore miners led the gains with BHP up 2.4% and FMG rallying 1.3%. Lithium stocks were back in vogue as PLS piled on the points up 2%, MIN made minor gains up 2.7% and AKE up 0.8%. Energy stocks also in demand with WPL up 2.3%, STO up 0.7% and WHC rallying hard up 5.1%. Even AGL was stirring, up 8.6%.
- Industrials flat across the board with tech taking a hit. XRO down 2.8%, WTC down 2.7% and APT continued lower by 2.3%.
- Consumer stocks on the nose, WOW down 0.7%, DMP off 2.3% and WES off 2.3%. Healthcare under pressure again with CSL down 0.9% and RMD off 2.6%. Banks were mixed as CBA rose 0.7% and the Big Bank Basket up slightly to $182.91. MQG suffered after recent gains down 1.8% and MFG bucking up 6.7%. In corporate news, VGI rose 11.1% on takeover rumours.
- In economic news, building approvals up 3.6% slightly underwhelming against forecasts of 5%. 10-year yield up to 1.91%. Asian markets slightly higher.
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