- ASX 200 finished slightly weaker down 3 at 6792 (0%) as the index drifted around ahead of weekend. Dow futures weighing slightly on Snap drop. Banks were firm dominated by trade in ANZ rights up 25.4%. The Big Bank Basket rose to $171.34(0.8%). MQG slipped slightly as brokers warning of a weaker result to come, QBE slumped 2.1% as IAG underwhelmed with numbers falling 1.4%. MFG continued to find friends up 2.3%. Healthcare mixed, CSL down 0.6% and COH up 3.2%. Industrials wafted around, TLS fell 1.3%, REA down 3.9%, DMP down 4.5% with REITs unchanged. Tech patchy with some good gains in DUB, PNV and MP1. The All-Tech Index unchanged. Miners were flat with some strength in some gold miners, NST up 2.0% and BHP still under pressure on iron ore pricing down 0.11%. Lithium stocks mixed, Julie Bishop’s MIN fell 1.5%. Oil and gas stocks fell, WDS down 0.6% and STO off 3.0% with coal stocks mixed after a big week.
- In corporate news, AX1 slipped 11.6% lower on a disappointing update, CRN had a quarterly falling 8.1% and HUM fell 5.9% on an update on potential exposure to Forum Finance. Nothing special on the economic front. Asian markets Japan up 0.4%. China unchanged and HK up 0.2%. 10-year yields under pressure at 3.43%.
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