End of Day – Monday 27 Sep

Marcus Today Free Podcast

The ASX kicked off the week and run into month end in style, up 42 points to 7384 (0.57%) although well off intra day highs.
Lacklustre volumes but good support for banks. The Big Bank Basket rose 2% to $185.40. Other financials also moved modestly higher, with MQG up 1.2% and SUN up 0.6%. Miners too, took a positive step this week as iron ore prices stabilised, RIO up 1.1% and FMG up 2.7%. Uranium stocks took a step back, PDN down 7.8% and BOE off 5.5%. ERA announced remediation costs would be higher and fell 8.9%. Gold miners continue to be out of favour but energy stocks continuing to do well as oil and gas prices rise, STO up 2.0% and KAR up 0.2%.
Industrials were mostly firmer, WOW slipped 0.6% and REA down 1.5% but TLS rose 0.8%, ALL up 0.5% and REH up 2.7%. Healthcare mixed. SIG lobbed a fresh bid at API up 3.1%, out bidding WES by 2c at 157c but a cash and scrip combo. Tech stocks flat as APT fell %. The All -Tech Index dropped %.
Nothing on the economic front and corporate news thin on the ground too. NSW laid out the road map to reopening and travel stocks took off, FLT up 7.5% and WEB up 5.2%.
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