Marcus Today End of Day Report -Monday 10th May
Champagne corks popping. ASX 200 closes at all-time high of 7173 up 92 as iron ore stocks go crazy. FMG up nearly 8%, BHP up 3.1% and RIO up 4.6%. 38 index points alone in three stocks. Big banks joined in with rises around 1.1% as ANZ slips on ex -dividend. In corporate news, CWN gets a merger proposal from SGR with both stocks posting solid near 8% gains and A2M downgrades once again losing 13%. Industrials solid, but Tech still underperforming with some big falls again in APX and NXL.
CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.
Create your
podcast in
minutes
It is Free