ASX 200 gave back nearly all of the early gains closing up 10 points at 7512 (0.1%) as big resources saw profit-taking across the board. Had to happen at some stage. BHP fell 1.4% with RIO under serious pressure having found the capsule down 2.3%. FMG held up better. Gold miners were superstars, NCM up 3.7% with NST up 4.6% and DEG up 3.4%. Lithium stocks better, LTR up 2.3% and CHN doing well up 6.2%. SYA too bouncing back up 5.9%. Oil and gas stocks slid as WDS fell 1.0% and STO off 1.6%. Coal stocks ease, WHC down 1.2%. Industrials and tech the winners today. Tech stocks powering ahead as Meta delivered. WTC up 6.8%, XRO surging 7.5% and ALU up 3.5%. The All-Tech Index up 3.6%. REITs better, GMG up 0.9% and MGR up 1.7%. Interest rate sensitive stocks also doing well, TCL up 0.9% and AIA up 1.0%. Healthcare still trundling higher, CSL up 1.0% and FPH up 0.6%. RMD a slight struggle, off 0.7%. Old Skool platform stocks better too, REA up 3.0% and CAR up 2.0% and SEK doing well up 5.4%. Banks slipping off highs with the Big Bank Basket down to $189.89 (0.5%). Insurers falling hard with QBE off 4.8%. MQG kicks higher by 1.8%. In corporate news, PNI disappointed with results falling 2.7%, ASX has two new board members and DRO in a halt as it raises money. On the economic front, building permits jumped 18.5% MoM in December 2022. Asian markets mixed, HK up 0.4% the best of the bunch. Dow Jones futures down 42 points. NASDAQ futures up 122 points.
Why not sign up for a free trial? Get access to expert insights and research and become a better investor.
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
If you can never get enough true crime... Congratulations, you’ve found your people.
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.