Marcus Today End of Day Podcast – Thursday 15th February
ASX 200 made up yesterday’s losses closing up 58 points to 7601 (+0.8%). First ‘Super Thursday’ of results. BHP lost 1.7% on a huge write-down on nickel assets (more like liabilities) and Samarco issues. RIO dropped 0.7% with FMG 1.4% to the good. S32 results were greeted by a thud, down 4.6% and lithium stocks mixed. Oil and gas were down heavily as crude fell, WDS was off 3.0% (impairments announced after hours), and STO was down 0.8%. Coal stocks not such a merry old place as WHC fell 5.7% on disappointing earnings. Financials were firm, CBA modestly but the Big Bank Basket rose to $199.60 (0.6%). MQG had a very good day up 3.3%, coattailing on GMG and data centre outlook with it AirTrunk business. GQG up 4.9% following MFG up 4.4% on new CEO news and results. Insurers mixed ahead of results. REITs enjoyed a day out, GMG leading the pack with a guidance upgrade and a 7.0% rise. Yields fell on the jobs numbers giving the RBA room to move. SGP up 2.9% and MGR rising 1.3%. Industrials were firm with a good result from Kmart helping WES to a 5.0% gain. Supermarkets were higher, Tech gained on a bid for ALU, XRO up 5.8% and WTC rising 4.8%. Retailers were in demand on rate cut chatter, JBH up 3.6% and CTT still charging up 3.1%. Good comments on TPW helping it rally 6.4%. Plenty happening in corporate news: TLS drifted 2.3% lower on a quasi-guidance cut, PME was trashed 13.0% after meeting expectations, and DTL smashed on an earnings miss down 13.1%. BLX shone on its results up 5.3%. On the economic front, the headline unemployment the rate rose to 4.1%. The RBA will be pleased, yields dropped, Asian markets firmed, HK up 0.2% and Topix up 0.1%. Dow Futures up 5 points. NASDAQ Futures down 5 points.
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