Marcus Today End of Day Podcast – Monday 20th February

Marcus Today Market Updates

ASX 200 flip flopped today closing up 5 points at 7352 (0.1%). Banks starting to find support after a drubbing last week, BEN results helped with the Big Bank Basket up to $180.28(1.1%). CBA racing back up 1.3% and NAB up 1.5%. Other financials doing well, MQG up 0.9% and ASX up 0.8%. Insurers mixed, QBE ran hard up 3.7% on broker upgrades. PTM also doing well up 3.1% as Kerr Neilson calls for Andrew Clifford to go. Industrials were flat, platform stocks slipped slightly, REA down 0.6% and SEK down 1.9%. Tech was mixed, XRO down 1.1%. The All-Tech Index down 0.7%. REITs dropped back as CHC fell 1.9% on results. GMG down 0.4% and SCG off 1.0%. Staples slightly higher, ALL up 0.9% and COL up 0.3%. Healthcare eased again, SHL down 2.0% and FPH off 1.1%. CSL unchanged. In resources, iron ore stocks holding up before the numbers, BHP up 1.0% and FMG up 1.4%. Lithium stocks were pummelled again as PLS moved to a different system than the BMX auction. It fell 5.4% with AKE down 3.4% and IGO off 2.2%. Gold miners were mixed, NCM up 0.1% and NST down 1.5%. Oil and gas stocks down again, WDS down 1.0% and STO off 1.2%. Coal eased. In corporate results, NHF tumbled 11.6% on lack of guidance, BSL downgraded the outlook falling 10.0%, A2M disappointed on China sales, souring 8.6%. In good result reactions, ACL rallied 12.5% with OML up 4.1% and KLS up 3.4% on a new bus contract in Sydney. On the economic front, thin on the ground today. Asian markets better, China up 1.0%, HK up 0.5% and Japan up 0.4%. 10-year yields steady at 3.80%. Dow futures down 14 points and Nasdaq futures down one point.
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