Marcus Today End of Day Report Monday 6th September

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ASX 200 fights back from over 80 down to close up 6 points to 7529. FMG ex dividend is nearly 20 points negative alone. Across the board, bargain hunters stepped back in with the banks doing well up to $185.12 for the Big Bank Basket.

Industrials and healthcare also turned around as CSL rose 0.6%, GMG up 0.9% and TLS rebounded 1.3%. Iron ore stocks were a little on the nose, FMG fell % on its dividend. BHP and RIO drifted lower and losses in lithium stocks as PLS placement depressed prices. Oil and gas shares fell with STO down 1.8% and WPL off 1.7%. Tech stocks better with APT up 1.7% following Square higher and Z1P up 3.0%. In corporate news, ABB are pushing into key regional Victorian towns up 7.7%, BGH a private equity firm walked from its HSN takeover and it fell 9.2% and MIN sold out of PLS rocking it 5.3% lower.

US markets closed tonight.