Marcus Today End of Day Report Friday 3rd September
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ASX 200 rallied hard, but interest waned a little to close up 37 points at 7523 ahead of crucial jobs numbers tonight. Uranium stocks in focus and huge pops in some like PDN up 24.0% and VMY doing well up 23.1%.
Banks were firm with the Big Bank Basket up to $184.43. Iron ore stocks also recovering, BHP up 1.0% and RIO up 2.5%. Base metal stocks and lithium doing well, ORE up 7.0% and MIN up 2.7%. Healthcare better as CSL rose 0.1% and SHL up 1.2%. Industrials rose with consumer stocks firm though tech fell led by APT down 2.8% and the All-Tech Index down 0.4%.
On the economic front, retail trade for July fell 2.7% month-on-month, to be down 3.1% over the year. FCAI reports Australia August new vehicle sales of 81,199, +33.1% from a year ago.
Happy Father's Day
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