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End of Day Report – Friday 18 October: ASX 200 drops 73 points | Banks steady
Manage episode 445705052 series 2991632
ASX 200 closed down 73 points at 8264 (0.9%). A weak end to a good week. Resources under pressure again with the Big Three suffering despite iron ore better in Singapore. BHP off 2.2% and FMG slipping 1.9%. Lithium still in struggle street, PLS down 0.4% and MIN off 2.9%. Gold miners were a little mixed despite bullion rises, NEM up 0.8% but GMD down 0.9%. Oil and gas slid, WDS off 1.3% and uranium stocks saw profit taking after big rises yesterday, BOE down 3.0% and PDN off 4.1%. Industrials were also weaker, WES off 1.3% and tech down with WTC falling again, down 3.6% with XRO slipping 0.5%. The All-Tech Index fell %. REITs slid on higher bond yields. GMG down 2.3% and SCG down 1.9%. Banks steady again, CBA up 0.6% and the Big Bank Basket steady at $246.03 (+0.22%). In corporate news, FLT crashed landed down 20.4% on a trading update that was seen as vague. TLX rose 4.6% after announcing it would have another go at a US Nasdaq listing. Nothing on the economic front locally, Chinese GDP came in at 4.6% slightly better than expected. 10-year yields higher at 4.32%.
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1574 episoder
Manage episode 445705052 series 2991632
ASX 200 closed down 73 points at 8264 (0.9%). A weak end to a good week. Resources under pressure again with the Big Three suffering despite iron ore better in Singapore. BHP off 2.2% and FMG slipping 1.9%. Lithium still in struggle street, PLS down 0.4% and MIN off 2.9%. Gold miners were a little mixed despite bullion rises, NEM up 0.8% but GMD down 0.9%. Oil and gas slid, WDS off 1.3% and uranium stocks saw profit taking after big rises yesterday, BOE down 3.0% and PDN off 4.1%. Industrials were also weaker, WES off 1.3% and tech down with WTC falling again, down 3.6% with XRO slipping 0.5%. The All-Tech Index fell %. REITs slid on higher bond yields. GMG down 2.3% and SCG down 1.9%. Banks steady again, CBA up 0.6% and the Big Bank Basket steady at $246.03 (+0.22%). In corporate news, FLT crashed landed down 20.4% on a trading update that was seen as vague. TLX rose 4.6% after announcing it would have another go at a US Nasdaq listing. Nothing on the economic front locally, Chinese GDP came in at 4.6% slightly better than expected. 10-year yields higher at 4.32%.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.
1574 episoder
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