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The ASX 200 finished up 47 points to 8408 (0.6%) ahead of US and UK reopening tonight. The banks led the market higher after a lacklustre session earlier, CBA up 0.8% and ANZ rising 1.4% with the Big Bank Basket up to $273.93 (+1.0%). MQG kicked 1.4% with other financials doing well too, NWL up 1.4% and CGF up 1.1%. REITs are flat, GMG is down 0.5%, with industrials doing better, and BXB is up 3.0% with ALL up 1.9%. TLS rallied another 0.4% on its investor day comments; Retail also improved, JBH was up 1.0%, and LOV was up 4.2%. Tech is better, WTC is continuing to push ahead after its large acquisition, XRO is up 1.5%, and the All–Tech Index is up 0.5%. In resources, iron ore stocks cheered up, BHP up 0.2% and RIO unchanged after earlier bigger falls.  Gold miners eased back, EVN down 3.1% with VAU off 2.2% and GMD down 0.2%. LYC fell 2.5% with PLS off again. Uranium stocks took a break, shorts licking their wounds, Oil and gas flat, coal slightly better. In corporate news, REA fell 3.5% on ACCC inquiry, VUL down 0.5% as it commenced drilling. On the economic front, Chinese Industrial profits climbed 3% last month from a year earlier, beating forecasts of 2.6%. Asian markets mixed again, with Japan up 0.4%, China down 0.5%, and HK up 0.3%. 10-year yields falling to 4.31%.

HIGHLIGHTS

  • Winners: CSC, BVS, AFG, NEU, CBO, LOV, JIN, IPX
  • Losers: TLS, FCL, NUF, CYL, AAC, REA
  • Positive Sectors: Banks. Financials. Industrials. Tech. Healthcare.
  • Negative Sectors: Gold. Uranium. REITs.
  • ASX 200 Hi 8408 Lo 8356. Late break higher.
  • Big Bank Basket: Higher at $273.93 (1.0%)
  • All-Tech Index: Up 0.5%
  • Gold: Slips to $5129
  • Bitcoin: Eases to US$108707
  • 10-year yield falls to 4.31%.
  • AUD: Slips to 64.72c.
  • Asian markets mixed Japan up 0.4%, China down 0.5%, and HK up 0.3%.
  • Dow futures are up 411, and Nasdaq futures up 285

MARKET MOVERS

  • NEU +4.5% buyback update.
  • BVS +6.5% change of director’s interest.
  • CSC +6.8% copper deals happening.
  • SFR +3.1% copper on the move.
  • BGD +15.6% kicks higher again on premium placement.
  • ELD +2.6% bargain hunters.
  • 4DX +14.8% application for regulatory approval of CT:VQ.
  • MAC -Trading halt – Bid coming.
  • REA -3.5% ACCC inquiry?
  • NUF -5.6% broker downgrades.
  • PLS -3.3% lithium sell-off continues.
  • PFP -2.2% presentation to Bell Potter conference- Guidance.
  • FML -15.5% profit taking after big run on Laverton sale.
  • Speculative Stock of the Day: DTR +41.8% Hidden extension of gold Breccia pipes at Colosseum. Good volume too.

And finally…..

Clarence

XXX