Paisa Vaisa is India's leading podcast on personal finance with more than a million downloads, more than 130 hours of content and conversations with more than 150 guests. With more than 300 episodes, Paisa Vaisa has interviewed experts across the spectrum of personal finance covering diverse topics such as investments, housing, loans, education, crypto, and much more. Listen in every Monday to make smarter decisions with your money!
Manage episode 304845572 series 2991632
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- The ASX 200 gave up early gains to close up 19 points at 7381. NZ CPI data saw 10-year yields spike higher and Chinese GDP miss both weighing on investors’ minds. Banks did well in this environment with CBA up 1.6% and the Big Bank Basket up to $186.55 %. MQG put on 0.5% after a broker upgrade and insurers also did ok, QBE up 1.0%. REITS though under pressure on the rate rise, SYD fell 0.4% on an update on bid and TCL flat on bond push. Healthcare stocks under pressure, CSL down 1.1% and RMD down 0.9%. Industrials under a little pressure, ALL suspended as it raises funds for a large UK acquisition.
- Resources were the place to be. BHP rose 0.9%, FMG up 1.0% but base metals doing very well, OZL up 4.6% and SFR rising 0.5% on higher commodity prices. Oil prices continue to head higher and a bid for SXY from POSCO saw some rerating in the sector. STO up 1.4%, WPL up 0.3%.
- Tech stocks under pressure on the yield increase, APT down 1.4% and Z1P updated the market falling 1.5%. The All-Tech Index dropped 1.4%. Travel stocks slightly positive as the economy remains on track to reopen despite high numbers still in Victoria.
- In corporate news, SLC rose 22.2% after the sale of some of its Singaporean assets, CL1 up 61.3% on a bid from HUB -0.9%. In economic news, NZ CPI hit 4.9% annually and Chinese GDP dropped to 4.9% too.
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