Marcus Today End of Day Podcast – Friday 30th June

ASX 200 closed with a modest gain of 0.12% to 7203, up 8 points as EOFY came and went. For the week the index is up 103 points or 1.5%. A mixed session with Resources slightly firmer, BHP up 0.1% and FMG up 0.3% with lithium stocks drifting higher, PLS up 1.2% and IGO up 1.2% Gold miners were mixed and oil and gas stocks better, WDS up 0.5% and STO rising 0.8%. Coal miners mixed, WHC down 1.3% and YAL up 1.8%. In the banks some slippage with the Big Bank Basket unchanged at $171.69. MQG bucked the trend up 0.8% and insurers flat. MPL slipped 0.3% on another class action. And fund managers squeezed slightly higher. PNI up 1.7% and MFG up 0.3%. REITS fell today across the board as yields rose, GMG down 0.3% and GPT off 0.2%. Healthcare eased back, CSL down 0.3% and COH down 0.2%. Tech rose with the All -Tech Index up 0.5% led by WTC and XRO again. Telcos slid, TLS off 0.5% and TPG falling 1.2%. Industrials better, BXB up 0.4%, CPU rising 0.6% and retailers finding support, JBH up 0.8% and CTT pushing another 5.1% ahead. On corporate news, LNK fell 13.9% as it lost the HESTA account, BUB unchanged on a China update, DOW up 4.3% after sealing a new contract to build trains for QLD. Not substantial on the economic front, US core inflation numbers tonight. In Asia, Japan gave back some recent gains, down 0.3%, and China and HK better.

Why not sign up for a free trial? Get access to expert insights and research and become a better investor.

Make life simple. Invest with Marcus Today.