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 - Wed 12 Jan
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Marcus Today
- The ASX rose 49 points to 7439 (0.7%). Some caution crept in ahead of US data. Banks were flat with the Big Bank Basket at $180.52. MQG bounced back from recent losses up 1.6%, ASX rose 1.9% though MFG eased 1.9%. Healthcare was mixed, CSL rose 1.9% but SHL down 0.9%.
- Industrials slightly better with WES up 0.6%, TLS up 2.0% and TPG up strongly by 5.0% on a broker upgrade. Tech slightly firmer led by APT up 4.8% as Block cheered on Spanish clearance.
- Resources were again the focal point. Iron ore miners firmed again as Asian iron ore prices rose, BHP up 1.1% with the vote on the DLC next week and possible radical index changes concentrated in one day. FMG slipped 1.1% on a broker downgrade, RIO rose 0.9% and lithium stocks were again in heaven, PLS up 1.7% and AKE up 4.2%. CXO has another good day up 13.7%. Even NMT went hard up 13.8%. Energy stocks also in demand as oil heads higher, KAR up 3.5% and STO up 3.6%.
- Gold miners also doing well, DEG up 3.6% and NCM rose 2.3%.
- In corporate news, LTR rose 5.2% after an offtake agreement with LG. Job vacancies rose again and Chinese CPI came in below estimates. 10-year yields eased again to 1.85%.
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