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 – Fri 14 Jan
January 14, 2022
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Marcus Today
- The ASX 200 stumbled 81 points lower to 7394 (1.1%) on weak overseas leads and tech under pressure here. Banks took flight with the Big Bank Basket down to $180.07 (1%) led lower by CBA down 1.2%, NAB down 0.6% and MQG down 1.0%. Insurers also eased with QBE down 1.0% and PDL down heavily on disappointing FUM numbers falling 15.8%. Healthcare slipped as CSL fell 2.0% SHL down 1.2% though RMD rose strongly up 3.6%. Industrials were weak across the board. WES fell 2.1%, GMG down 1.9%, WOW down 2.9% and REH off 2.5%.
- Tech in trouble, APT in allsorts as Block fell in the US, APT down 9.2% and XRO down 5.1%. The All-Tech Index fell 2.6%. Not a fun place to be. Meanwhile in resources, a breather today in lithium stocks and iron ore, BHP down 0.4%, RIO off 1.0% and PLS down 0.3%. Gold miners in demand NST up 1.1% and EVN up 0.3%. Energy stocks fell, STO down 1.4% and WPL off 0.3%.
- In corporate news, BRN had another good day following an announcement on funding from its put arrangements, well off highs though up 7.1%. In economic news, new job ads fell 3.2% on SEEK. Asian markets were weaker and 10-year yields were steady at 1.85%.
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