Marcus Today End of Day Report 13th September

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2+ y ago 12:33

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ASX 200 rallies 19 points to close at 7425 a drifting day after gains early saw seller re -emerge before closing buys. Resources which had been the trailblazers gave up some gains in iron ore with BHP up 0.6% and RIO off 0.2% on US Oak Flat news, FMG managed a 0.8% gain. Uranium was the huge winner today, anything that glowed was red hot, PDN, BOE, BNM, ERA and AGE leading the charge. Base metal stocks firmed with lithium in focus too, PLS up 7.3% and LYC rallied 5.4%. Banks were flat with the Big Bank Basket down to $182.74. Insurers slipped, MFG fell another 2.5% and MAF dropped 4.9%. Industrials mixed with ALL up 2.9% and TCL down 1.3%. Tech stocks were flat as the All-Tech Index fell 0.1%. APT off 2.0% following the Square Dance down. In corporate news, SYD got another bid at 875c from IFM and agreed to DD, CDM updated the market on the recent SPC listing and NTA falling 9.9%. Sell the fact again in play. Nothing on the economic front today.