End of Day Podcast – Monday 3rd October

ASX 200 finished down 17 points to 6457 (0.3%) in a topsy turvy day of thin volatile trading. NSW holidays kept most players sidelined as the market waited for RBA decision tomorrow (50bps expected). Banks eased along with industrials, the Big Bank Basket closed down at $162.71 (0.1%). MQG dropped hard again with insurers also suffering as QBE fell 2.0%. Fund managers continued to sell off, MFG down 2.6% and GQG off 3.3%. Healthcare slipped slightly with CSL down 0.6% on media reports of potential Moderna CV19 and flu jab hopes. RHC fell 1.3%, SHL down 0.3% and defensives slipping. COL down 0.8%, WOW off 1.3% and EDV falling 1.6%. TLS gave back 0.3% with tech stocks falling WTC down 1.2% and XRO sliding another 2.7%. The All-Tech Index dropped 1.3%. REITs better but resources were the strength, BHP up 0.2%, FMG rising 0.7% but RIO down by 0.3%. Base metals and lithium stocks eased, oil and gas better, WDS up 1.2% and STO up 1.1%. In corporate news, BUB applied for permanent FDA approvals in the US, up 1%. MSB rose 7.7% on some rare positive drug news on SR-aGVHD. Nothing on the economic front today. Asian markets partially closed for Chinese Golden Week. Japan up 0.3%. 10-year yields 3.89% .

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