Marcus Today End of Day Report -Tuesday 24th August

15:54
 
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Manage episode 304033662 series 2991632
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ASX 200 once again higher with a 13-point gain to 7505 (0.2%). Miners and energy stocks driving the market higher as banks and industrial defensive saw profit taking. The Big Bank Basket unchanged with insurers and other financials holding firm. Big miners rose with BHP up 1.0%, FMG and RIO all in the green. Gold miners too doing well, Energy shares fueled up and off, STO up 3.2% and WPL up 3.2%. Healthcare soggy as RMD came under some pressure, down 3.0% and WES, WOW and COL all fell hard. Travel stocks doing well despite numbers tracking higher. Results again dominated with MND down 14.4% on staffing and cost issues, KGN smashed 15.8% on inventory issues, ANN fell foul, down 9.2% as CV19 bites and BLD canned its dividend and rocked 5.6% lower. On the positive side NAN had a good second half and rose 22.0%, UWL did well up 8.4% and HUB proved platform power rules, up 7.4%.

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