All Episodes

January 31, 2023 15 mins

 ASX 200 slipped 5 points to 7464 (0.1%) as an early rally reversed. The index does not tell the whole story though with huge volatility in some sectors. Some caution crept in ahead of the Fed and US results and end of month book squaring taking the wind out of the lithium sector and golds. Resources were smashed although BHP, RIO and FMG holding up but S32, IGO and PLS gave up the uneven struggle and threw in the towel short term, Quarterlies dropping all over the place. Gold miners failed to impress as NCM fell 1.2%, NST off 1.7% and EVN falling 2.4%. Rare earths too in the headlights, LYC down 3.3%, MIN off 3.9% and CXO falling 5.7% in lithium. Nasty end to the month from the resource sector. Oil and gas mixed, coal eased, NHC off 0.3%. Banks were flat with the Big Bank Basket unchanged yet again at $190.69. Insurers mixed and money managers eased, GQG off 4.4%. REITs slipped after some good sessions, GMG off 0.8% and CHC down 2.3%. Tech stumbled lower, CPU off 0.6% and XRO down 1.1%. The index dropped 1.0%. Healthcare recovered as defensives generally improved, CSL up 1.7% and RMD up 2.4% after a big drop yesterday. WOW flying on retail numbers up 3.8% and COL up 2.4%.
In corporate news, it was all about quarterlies, MP1 were smashed 24.7% on a disappointing result, PBH in similar fashion as it extended its deal with NBC, down 17.4%. SYA dropped 11.9% on a successful ore crushing trial, PWH rallied hard up 5.0% on a UK acquisition and NXD starting to look interesting on an update, up 5.8%. FLT in a halt on a capital raise and UK acquistion.
On the economic front, the December retail numbers missed by a country mile and showed that the Black Friday sales pulled spending out of Xmas. We got slightly better Chinese PMI numbers today. In Asia, Japan eased 0.2%, HK fell 1.2% and China off 0.8% after a huge run. 10-year yields at 3.52%. No great shakes post retail sales numbers.

Why not sign up for a free trial? Get access to expert insights and research and become a better investor.

Mark as Played

Advertise With Us

Popular Podcasts

CrimeLess: Hillbilly Heist

CrimeLess: Hillbilly Heist

It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.

Crime Junkie

Crime Junkie

Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.

Stuff You Should Know

Stuff You Should Know

If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.