Marcus Today End of Day Podcast – Thursday 22nd February

Market Updates

ASX 200 rose 3 points today to 7611 as Nvidia and results were the focus. Banks eased across the board, insurers mixed SUN up 0.8%. The Big Bank Basket down to $201.82(0.2%). MQG slightly higher, up 0.5%. REITs slipped a little. Healthcare better, CSL up 0.3% and RHC up 0.5%. In the industrials, TCL rose 1.3% on broker comments, WOW continued to slide after CEO retirement, down 1.8%. ALL fell 1.9% on AGM comments. Tech flat with the All-Tech Index going nowhere, XRO up 2.3% and WTC down 2.0%. Resources mixed, BHP off 0.4% with RIO down 1.1% after results and broker analysis, FMG had good results, up 2.1%. MIN sold out of AZS rising 3.1%. PLS reported and was becalmed. No panic from shorts at all. Oil and gas slightly firmer. In corporate action, QAN had a soft edge today with the new CEO announcing a $400m buyback, still fell 6.8%. IFL did well on its results up 13.7%, LOV defied the shorts and powered 10.4% ahead. DMP caught some love after results yesterday up 7.7%. MAF down 20.5% and TAH off 10.3%, both suffering after results, PLL sold out of SYA with the stock falling 28.1%. NEC showed how bad TV advertising is and fell 8.7%. In economic news, we had some more wage data out, Asian markets firmed Japan up 1.6%, China up 0.2% and HK up slightly. 10-year yields slightly lower at 4.17%
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