Business:Investing
The ASX 200 rallies 68 points to 7393 although well off its highs as some caution creeps in ahead of the FOMC meeting. Banks bounced back with WBC rising 0.1% after a 10% fall, CBA up 1.2% and MQG rising 1.9%.
The Big Bank Basket rose to $187.20 or 1.5%. 10-year yields fell back post RBA attack to 1.82%, insurers were generally higher with QBE up 1.3%. Miners were good too led by BHP up 1.1% and FMG up 3.1%. The iron ore price stabilised in Asia giving bargain hunters a reason to be cheerful. Base metals were good too, IGO bounced 1.5% and LYC up 2.5%. Lithium stocks were still in favour as Glasglow continues to shine the light on EVs and renewables. ORE higher by 6.7%, PLS up 5.4% and MIN up 3.9%. Even VUL managed a gain today bouncing 6.5%. Healthcare stocks were better as CSL put on the ritz up 0.9% and FPH up 2.0%.
Industrials firmed but hardly runaways, WOW up 0.9% and COL up 1.7%. Tech slipped slightly led by a fall in APT by 0.1% and WTC off %. The All-Tech Index dropped 0.1%. In corporate news, AMP rose 9.3% after more asset sales, TYR dropped 15.0% on its AGM, PAR surged 22.8% on FDA approvals for its ongoing trials and PDI rose 8.1% on more promising drill results in Guinea. TLS unchanged on a defence contract renewal, not something that happens always.
Why not sign up for a free trial? Get access to expert insights and independent research and become a better investor.
The Big Bank Basket rose to $187.20 or 1.5%. 10-year yields fell back post RBA attack to 1.82%, insurers were generally higher with QBE up 1.3%. Miners were good too led by BHP up 1.1% and FMG up 3.1%. The iron ore price stabilised in Asia giving bargain hunters a reason to be cheerful. Base metals were good too, IGO bounced 1.5% and LYC up 2.5%. Lithium stocks were still in favour as Glasglow continues to shine the light on EVs and renewables. ORE higher by 6.7%, PLS up 5.4% and MIN up 3.9%. Even VUL managed a gain today bouncing 6.5%. Healthcare stocks were better as CSL put on the ritz up 0.9% and FPH up 2.0%.
Industrials firmed but hardly runaways, WOW up 0.9% and COL up 1.7%. Tech slipped slightly led by a fall in APT by 0.1% and WTC off %. The All-Tech Index dropped 0.1%. In corporate news, AMP rose 9.3% after more asset sales, TYR dropped 15.0% on its AGM, PAR surged 22.8% on FDA approvals for its ongoing trials and PDI rose 8.1% on more promising drill results in Guinea. TLS unchanged on a defence contract renewal, not something that happens always.
Why not sign up for a free trial? Get access to expert insights and independent research and become a better investor.
More Episodes
Get this podcast on your
phone, FREE
