Monday 13th July – ASX 200 up 3 – XRO CEO sells out – SK Hynix smashed – Gold miners down – Tech falls.

13 Monday Jul 2026

Posted by in Daily Reports

≈ Leave a comment

The ASX 200 recovered from early losses to close up just 3 points at 8,809, despite weakness across the region, particularly in Korea. Once again, the banks held firm, with the Big Bank Basket rising to $283.41 (up 0.8%). ANZ was the best of the bunch, gaining 1.1%. Insurers also rallied, with IAG rising 2.0% and SUN adding 0.9%.

Other financials eased, with BVS falling 5.5% on profit-taking after a strong week. Industrials were generally soggy. CSL fell 1.3%, RMD dropped 4.9%, and technology stocks remained unloved. XRO fell 4.3% following CEO share sales, WTC drifted another 2.0% lower, and WBT crashed back to earth, falling 10.6%.TLS recovered 1.6% after its week from hell. REITs were surprisingly firm, with SCG up 0.3% and GPT gaining 0.2%. The supermarkets were not so super, with WOW down 0.8% and COL falling 1.9%.

In resources, it was once again heavy going as Treasury yields rose and the gold price came under pressure. Iron ore stocks held firm, but the gold miners succumbed. NST fell 2.8%, while GMD gained 3.7% as RRL pulled out.

In corporate news, RRL threw in the towel on its bid for VAU. OML extended due diligence for the three interested parties, while CCX soared following a positive trading update. There was nothing of note on the local economic front.

Asian markets were mixed with the Nikkei 225 down 2.6%, the Hang Seng down 0.2%, and the CSI index down 1.7%. Kopsi crashed 8.1% as SK Hynix fell hard.

US futures were weaker with the Dow down 208 and the Nasdaq down 388. European market expected to open 0.6% weaker.

HIGHLIGHTS

  • Winners: DTR, LFG, MSB, SMR, ALD, OML, MGH
  • Losers: KCN, WIA, WBT, SLX, EUR, LSF, IEL, BVS
  • Positive Sectors: Banks. Insurers. Telcos. Coal.
  • Negative Sectors: Gold. Lithium. Rare earths. Tech. Supermarkets.
  • ASX 200 Hi 8823 Lo 8770 Narrow range.
  • Big Bank Basket: Rallies to $283.41 (+0.8%)
  • All-Tech Index: Down 1.5%.
  • Gold: Falls to $5859
  • Bitcoin: Falls to US$62751
  • 10-year yields: Drifts lower to 4.83%
  • AUD: Lower at 69.32c
  • Oil down 0.3%. US Futures lower.  

MARKET MOVERS

  • DTR +33.3% Colosseum news from DoJ.
  • LFG +6.5% No Volume.
  • MSB +4.9% Broker upgrade.
  • MGH +3.8% Buy back update – Firmus valuation.
  • GMD +3.7% Wins Vault’s heart.
  • ALD +4.2% Delayed sub note facility offer.
  • ILA +6.7% Texas biomed SOW accelerates FDA pathway.
  • WTM +5.4% strong drill results.
  • KCN -12.8% Trunnions!
  • WBT -10.6% Chips fried.
  • BVS -5.5% Profit taking.
  • LSF -7.0% NTA
  • XRO -4.3% CEO sells down.
  • EQR -5.5% cleansing notice.
  • Speculative Stock of the Day – Nothing on any volume.

ECONOMIC AND OTHER NEWS

  • SK Hynix loses significant altitude in Korea. Oil climbs, Treasuries drop.
  • China lands a recoverable rocket in the ocean. Caught by a net on a floating platform six minutes after launch.
  • EU buys record amount of gas from Russia’s flagship plant.
  • Nippon Paint offers €7.5bn for AkzoNobel unit in attempt to gatecrash rival deal.
  • Donald Trump clears path for $4.5bn bridge between Canada and US.
  • Typhoon Bavi batters eastern China, threatens days of heavy rain.
  • Vale Sam Neill.

And finally…..

I’ve been hiding out from exercising. That’s right, I’m in the fitness protection program.

Clarence

XXXX

Previous articles