Marcus Today End of Day Podcast – Tuesday 20th February
ASX 200 slips slightly by 6 points to 7659 (0.1%). Big day again for results, ANZ also got the green light for its SUN Banking business acquisition. Good for SUN, not maybe so good for ANZ down 2.2% on the news. WBC rose 2.6% on broker upgrades, the Big Bank Basket rose slightly to $204.22(0.1%). MQG sold off slightly following Investor Day reactions. Insurers rose with SUN news, QBE up 2.4% and MPL up 2.4%. REITs better, GMG up 2.2% and SCG down 0.7%. Industrials were better, TLS rose 1.0%, REA up 2.4% and ALL doing well up another 0.5%. WES slipped 1.5% after a good run. Tech a little mixed with WTC up 1.2% and XRO off 1.0%. Healthcare showing positive vibes, CSL up 0.4% and COH finding broker friends up 0.8%. Resources under pressure again, BHP results today underwhelmed falling 1.1%, RIO down 2.2%, FMG off 0.7%. Lithium fell again as PLS dropped 1.7%. MIN down 1.2% and IGO down another 3.7%. Gold miners mixed, NST up 0.3% and RMS off 0.7%. Corporate results dominated with MMS reporting a good set of numbers, up 11.8% and ARB flying 10.2% on numbers, SGR cratered 19.6% again on a second inquiry, SGM down 9.7% on results, SHL fell 7.8% on numbers. THL fell 9.8% on a CFO recruitment update. On the economic front, RBA minutes today alluded to a potential rise on rates (!). Meanwhile in China, banks cut mortgage rates by a more than expected 25bps. Iron ore falling again in Asia down another 3.6% on the Dalian exchange.
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.
Create your
podcast in
minutes
It is Free