Marcus Today End of Day Podcast – Wednesday 20th December
ASX 200 up another 49 points to 7538 (0.7%). Another day another push towards 7600. Across the board gains with banks in demand again, ANZ up 0.7% and WBC up 1.0%. The Big Bank Basket trading at $190.21(0.5%). MQG kicked 0.9% higher with GQG doing very well up 1.5%. Insurers slightly better, REITS in demand, SCG up 1.0% and SGP up 1.6%. Industrials better again, WES up 1.0%, WOW up 0.8% and TLS up 1.8%. Tech a little mixed, WTC down 1.3% and XRO up 0.2% with the All-Tech Index up 0.2%. Retailers in demand, PMV up 0.3%, SUL up 1.7% and LOV doing well up 2.5%. Xmas is coming. Not for KMD which warned on sales falling 8.0%. Resources better, iron ore stocks seem to be running out of juice, FMG down 0.8% and BHP up only 0.4%. Lithium stocks rebounding a little, IGO up 2.3% and MIN rising 0.5%. Gold miners better again, GMD up 2.3% and NST rallying 1.6%. Oil and gas stock in the green, WDS up 0.6% and KAR up 2.0%. In corporate news, CHN CEO called for a ban on short selling, ORI dropped 2.5% on a Canadian acquisition, Terra for $560m. PXA fell 11.8% on a Smoove update and TCL saw some board changes. Nothing on the economic front, In Asia China left rates unchanged, Japan up another 1.6%, China down 0.5% and HK up 1%. 10-year yields steady at 4.05%
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