End of Day – Wed 13 Apr

Market Updates

• The ASX 200 rallied 25 points to 7479 (0.3%). Solid start to the day built as US futures turned positive ahead of US banks kicking off reporting. Miners were the strength today as lithium and uranium stock rampaged ahead. SYA up 16.4%, AVZ up 11.7% and PDN up 9.6%. Big miners also solid with BHP up 0.1% and FMG up 0.8%. S32 rallied 1.4% with IGO up 2.2%. Energy stocks too were better, STO up 1.3% and YAL up 5.8%. Healthcare rallied as CSL ran 0.4% with SHL up 1.6% and industrials subdued. WES up 0.9% being one of the better ones. Banks were positive though CBA down 0.2% with the Big Bank Basket steady at $191.40. Insurers flat as usual. Tech stocks were mixed with BNPL on the nose, Z1P down 2.3% and SZL down 6.4% now below its IPO price.
• In corporate news, EML rose 10.5% on speculation that private equity could be back after walking earlier this year from a takeover. In economic news, building activity fell and RBNZ raised rates by 50bps. 10-year yields eased back slightly with Asian markets, Japan up 1.7%, China down 0.3% and HK up 0.4%.

Why not sign up for a free trial? Get access to expert insights and independent research and become a better investor.