End of Day – Fri 3 Jun

Marcus Today Market Updates

• ASX 200 rallied 63 points to 7239 (+0.9%). Resources were the stand outs today with iron ore stocks leading the charge, BHP up 2.5% and FMG rising 4.1%. Base metal stocks also rose with S32 up 2.0% and lithium stocks charging ahead on a bounce from Wednesday’s carnage. PLS rose 7.5%, INR up 16.5% and AKE up 3.8%. Gold miners were better too as bullion rose in USD with NCM up 1.4% and NST up 1.4%. Oil and gas a little mixed as WDS flat lined with STO up 0.8%, WOR up 4.4%. Industrials were mildly better with REITs drifting higher, GMG up 1.2% and SCG up 0.7%. Healthcare finished a little higher as CSL rose 0.1%, RMD up 2.6% and RHC off 0.2%. Tech better as the All-Tech Index rose 1.9% with WTC up 5.1% and XRO up 1.0%. Banks a little mixed with the Big Bank Basket $185.50. CBA down 0.2% and WBC up 0.3%. Insurers were under a little pressure as yields steady at 3.50%.
• In corporate news, HLS fell 8.7% on a trading update citing headwinds etc, FFX dropped 63.7% as it went Ex-Bonus of the Leo Lithium stock. Asian markets subdued as China and HK closed.

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