Marcus Today End of Day Podcast – Friday 18th November

Marcus Today Market Updates

ASX 200 closed up 16 points at 7150 (0.2%). Index down 6 points for the week. Another narrow range trading day with banks and resources heading higher in unison. The Big Bank Basket up to $184.60 (0.5%). MQG slipped a little, insurers better led by QBE up 1.9% and IAG up 1.2%. PPT down 2.4% with PDL down 1.6%. Healthcare slightly better, CSL up 0.4% and FPH rallying 2.7%. Industrials were firmer, WES up 0.7%, TLS up 1.6% and WOW up 0.7%. REITs better on falling yields, TCL doing well again too up 1.0%. Tech flat with WTC down 0.4%. Resources somewhat mixed as BHP rose 0.3% on its increased offer at 2825c for OZL up 4.0% Lithium stocks continue to see profit taking. CXO off another 1.1% with PLS sliding 2.9%. Oil and gas stocks fell, WDS down 0.8% and coal stocks finding support on higher coal prices. In corporate news, LOV slid 7.1% on a business update. STA up 5.6% on a corporate presentation, CTT fell 12.2% as founder sells down, NXL up 21.9% on its AGM addresses. Nothing on the economic front. Asian markets flat with the 10-year yield steady at 3.60%
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