The ASX 200 slipped back below 9000 to 8967, down 52 points (0.6%) as results weighed after a long week. Banks remained firm with WBC up 0.7% and NAB slightly firmer, the Big Bank Basket drifting to $288.16 (-0.2%). Other financials also drifted lower, GQG fell 3.0% after early gains. Insurers firmed, ASX fell 2.1%, and ZIP soared 20.2% on better results. REITs were under pressure as GMG fell 4.8% on broker comments, SGP and CHC both better. Industrials slid, BXB saw some profit-taking, QAN dropped 2.1%, and ALL off 1.7%.

Retail stocks also eased back, PMV down 4.0% and JBH falling 1.6%. GYG collapsed 18.2% after the results and a trading update. CTD in a trading halt awaiting some material news. Tech stocks eased back too, WTC down 1.8% and XRO continuing to fade. Down 0.6%. The All-Tech Index up 0.2%. WOW and COL under pressure. CSL resumed the downward momentum, off 4.2% as TLX trundled higher.

In resources, BHP slightly lower, RIO fell 1.1%, and gold miners were mixed. WAF up 3.3% and VAU up again post results. Lithium stocks fell, PLS down 4.5% and MIN off 3.2%. Uranium stocks better, PDN up 4.3% and DYL rising 3.8%. Oil and gas firmed, coal stocks eased.

In corporate news, ING dropped 20.3% as Woolies contract took its toll, HLS rallied 18.6% after results, AX1 dived 17.8% on disappointing sales growth, MVF fell 13.7% on disappointing profits and outlook.

Nothing much on the economic front.

Asian markets mixed again, Japan flat, China up 1.7% and HK up 0.5%

European markets opening flat. US Dow futures down 18 Nasdaq down 32.

HIGHLIGHTS

  • Winners: CCL, ZIP, HLS, CRN, DTR, CDA, CUV
  • Losers: SKC, ING, GYG, AX1, RRL, PWH, OCL
  • Positive Sectors: Tech (just)
  • Negative Sectors: Everything else.
  • ASX 200 Hi 9026 Lo 8967 Closes on lows.
  • Big Bank Basket: Falls to $288.16 (-0.2%)
  • All-Tech Index: Up 0.2%.
  • Gold: Falls to $5188
  • Bitcoin: Falls to US$113071
  • 10-year yield falls to 4.31%.
  • AUD: Down to 64.16c.
  • Asian markets mixed again, Japan flat, China up 1.1% and HK up 0.2%
  • US futures – Opening slightly lower. DJ up 18 – Nasdaq down 20
  • European markets set to open up flat.

MARKET MOVERS

  • ZIP +20.2% results beat expectations.
  • JHX +5.2% bounce after horror week.
  • EOS +4.7% Results beat expectations.
  • DTR +12.5% volatility continues.
  • CDA +8.2% broker comments.
  • HLS +18.6% broker comments.
  • VAU +5.3% broker upgrades.
  • BOE +5.9% short covering.
  • CUV +7.8% preparing Nasdaq listing.
  • CCL +24.4% results.
  • HPG +17.8% results presentation.
  • AYA +11.7% second day in a row.
  • NVX +10.1% half yearly report.
  • SKC -24.6% results disappoint.
  • ING -20.3% woollies chickens out!
  • GYG -18.2% Burrito arrives cold.
  • RRL -9.0% results disappoint.
  • QUB -4.0% broker downgrades.
  • BRG -5.1% broker downgrades.
  • PWH -7.2% broker downgrades.
  • MVF -13.7% results disappoint.
  • SRL -12.3% Livewire article.
  • Speculative Stock of the Day: GNM +289% strategic acquisition of REE – Antimony project in California.

ECONOMIC AND OTHER NEWS

  • Showdown at Jackson Hole tonight.
  • ‘Alligator Alcatraz’ must be wound down and dismantled, a federal judge said, dealing a setback to Florida’s push to help President Donald Trump’s campaign to deport millions.
  • EU speeds up plans for digital euro after US passes stablecoin law.
  • US retail giant Walmart warns Trump’s tariffs are pushing up costs.
  • Trump’s attacks on renewables sector quash nearly $19bn worth of projects.
  • Nvidia looking to halt H20 chip production after China cracks down on purchases, reports say.
  • Major Japanese automakers have denied to CNBC that they have raised prices in the U.S. because of tariffs imposed by the Trump administration.

And finally…..

Just had some bloke at the door asking me if I’d be interested in carrying a donor card. I thought there’s a man after my own heart……..

Clarence

XXX