Marcus Today End of Day Podcast – Monday 17th April

ASX 200 closes up 20 points in a quiet trade to 7382 (+0.3%). Resources took a hit early but recovered from lows. Gold miners worse off NCM down 2.3%, NST off 2.5%, and EVN down 2.2%. REITS the best-performing sector today, SCG, URW, and MGR up 2.6%, 3.5% and 1.8%. Lithium stocks mixed, MIN up 1.7%, PLS up 1.3%, while AKE slipped 0.3%. Banks were also mixed. ANZ up 1% and NAB rose 0.7%, while BOQ slipped 1.1% ahead of results later this week. The Big Bank Basket rose to $174.88 (+0.6%). Tech stronger with WTC up 1.2% and XRO rose 1.1%. The All-Tech Index rose 0.5%. Healthcare better led by CSL up 0.2%, RMD up 0.6%, COH up 0.2%. Elsewhere, WES up 0.9%, WOW down 0.4%, and TLS flat. In corporate news, Transurban (TLC) reports 12.9% increase in average daily traffic YoY a record third-quarter result, Evergreen Lithium (EG1) rocketed to 69c today after its IPO last Tuesday at just 25c per share before closing down 20%, Regis Resources (RRL) dropped 11.2% on updated guidance with lower-than-expected gold output for March quarter, and Virgin Australian cancels Aussie IPO meetings for now. Nothing on the economic front today. Asian markets up, Japan up 0.4%, HK up 1.2% and China up 1.1%. 10-year yields 3.36% steady here. Dow Jones futures up 62 points and Nasdaq futures up 11 points.

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