Marcus Today End of Day Report -Wednesday 25th August


Manage episode 304033661 series 2991632
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ASX 200 closes up 29 points to 7532 in what is becoming Groundhog Day. A strong start on the back of US markets then, Gladys steps up to the microphone to do her thing, and we are in dire straits. Once again though a narrow range of trade with resources the stand outs. BHP up 1.3% , FMG up 2.6% and RIO leading the charge. Base metal stocks also in demand, MIN up 3.5% and LYC up 5.7%. Defensives weakened as money sloshed to the growth stories. Bank held firm and healthcare slightly weaker. Results were again the feature as WTC went nuts up 28.5% LOV was a jewel in the crown up 17.6% and BVS slumped 16.0% on its results. APT and Z1P were both out together and were not as expected, Z1P fell 2.6% as it made a huge write down on its Quadpay acquisition and APT is really driven by Square now but slightly disappointing. NEC fell 9.7% on its results and BTH returned after a capital raise and an acquisition running 24.4%.

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