Monday 13th April – ASX 200 drops 35 – Defensives hold firm – Tech slips – Goldmans tonight – US futures ease on peace talks.

13 Monday Apr 2026

Posted by in Daily Reports

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The ASX 200 finished down 35 points to 8926 in a quiet, cautious start to the week. The focus was on weekend events with the market taking its lead from US futures which stabilised after a bump down. Losses pretty much across the board, banks eased back with the Big Bank Basket down to $309.58 (0.24%). Other financials also sold down, MQG down 0.6% and NWL falling 2.1%. Insurers steady with REITs easing back again, GMG down 1.3% and CHC off 1.1%. Technology stocks were weaker but not aggressively. WTC down 1.3% and XRO off 1.5% with the All-Tech Index off 0.9%. Industrials eased, WES down 0.9%, QAN fell 2.0% and retail stocks eased slightly. JBH down 0.5% and NCK down 2.2%. Healthcare also under pressure with CSL slipping yet again down another 1.4%. PME and TLX both had good runs on the back of news.

In resources, iron ore miners stable with gold miners off slightly, NST down 2.0% and EVN off 2.4% as bullion slipped. Lithium modestly lower, with oil and gas better, WDS up 2.6% and STO rising 1.7%. Coal stocks also better, NHC up 4.6% and uranium drifting lower.

In corporate news, A2M soured 13% on China supply chain issues, MVF received another NBIO from the previous consortium at 90c. TLX announced a strategic collaboration and PME signed a five-year contract renewal. GQG fell 0.6% on its latest FUM update showing outflows continue.

Nothing on the economic front.

Asian markets soar, Japan down 0.8%, HK down 1.1% and China up 0.3%. 10-year yields rise to 5.01%.

US Futures jump Nasdaq down 201, Dow down 302. Europe opening lower.

HIGHLIGHTS

  • Winners: PNV, TLX, SKS, KAR, NHC, PME, SRL
  • Losers: A2M, CRN, OBM, IEL, AYA, 360, LRV
  • Positive Sectors: Oil and gas. Supermarkets. Insurers.
  • Negative Sectors: Banks. Resources. Tech. Healthcare.
  • ASX 200 Hi 8939 Lo 8890. Narrow range.
  • Big Bank Basket: Falls to $309.58 (0.2%)
  • All-Tech Index: Falls 0.9%
  • Gold: Falls to $6718
  • Bitcoin: Steady at US$71767
  • 10-year yields: Rising to 5.01%
  • AUD: Steady at 70.39c.

MARKET MOVERS

  • PNV +9.3% nice bounce.
  • TLX +7.7% positive deal.
  • KAR +5.0% oil price bump.
  • SRL +4.8% volatility continues.
  • PME +% another contract win.
  • SKS +5.5% data centre exposure.
  • A2M -13.0% sours on Chinese supply chain woes.
  • 360 -8.1% tech sell off.
  • AYA -6.4% profit taking.
  • LRV -6.9% profit taking.
  • TVN -6.9% new COO.
  • EML -35.7% earnings downgrade.
  • PGC -11.1% slipping away.
  • Yesterday’s Hero: PAT +1.8% Volumes dropping back.
  • Speculative Stock of the Day: IVZ +19.6%Oil exposure and Friday’s EIA renewal for Musuma -1 and Mukuyu programs in Zimbabwe.

ECONOMIC AND OTHER NEWS

  • Goldman Sachs reporting tonight. Analyst expecting earnings: US$16.49 per share.
  • European stocks kicking off the week modestly lower. Hungarian election result in focus.
  • Cancer drug licensed by GSK from China posts promising trial results.
  • Shares in Chinese rare earth companies advanced after key producers announced a sharp increase in second-quarter product prices, the hike comes amid escalating tensions over rare earths in the past year, as Beijing tightened export controls and introduced licensing regimes. The increases saw the largest quarterly jump since China reformed its rare earth pricing mechanism in 2023.
  • Southeast Asian nations called on the US and Iran to continue negotiations to end their conflict.

And finally…..

Clarence

XXXXX

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