End of Day Report – Wednesday 24 July: ASX 200 Treads Water - Down 7 points - FLT Falls 4.8% - Gold Miners Shine
ASX 200 down 7 points in range-bound trade as we watch and wait (for what?) The index fell to 7964 (-0.1%), with banks steady, CBA down slightly, the Big Bank Basket at $228.39 (0.1%). Insurers did well, QBE up 0.4% and SUN up 1.3%. REITS got whacked led lower by GMG down 2.1%. Industrials a little mixed, TCL fell 0.4%, with WOW and COL modestly lower, tech slipped slightly, WTC off 1.2% and SEK down 1.1%, with CAR off 1.4%. Resources found some love finally, FMG up 0.5% and PLS unchanged on quarterly numbers. Gold miners green across the screen. EVN up 4.1% and NST up 2.4% as AUD fell below 66c. Oil and gas eased again, WDS down 1.1%, uranium stocks down again, PDN off 2.2%, and BOE falling 2.2%. In corporate news, plenty of quarterlies, FLT fell 4.7% on narrower guidance, TLX fell 7.2% on a convertible hedge trade. PPT lost 0.7% on latest FUM numbers, and PTM put on 0.9% on fund restructure. Nothing on the economic front locally. Asian markets lower again, Japan down 1%, China off 0.4% and HK eased 0.6%. 10Y yields steady at 4.33%
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.
Create your
podcast in
minutes
It is Free