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Today

Market Matters

marketmatters.com.au


  • The ASX200 fell -63pts/-0.82% closing at 7646
  • Consumer Discretionary (+0.41%), Communication Services (-0.01%) and Consumer Staples (-0.01%) providing much needed support.
  • Healthcare (-2.68%), Utilities (-2.07%) and Energy (-1.8%) weakest on the day.
  • The Big Four banks didn’t provide their usual support, Commonwealth Bank (CBA) +0.1% resilient as usual, meanwhile Westpac (WBC) -1.86%, National Australia Bank (NAB) -1.71% and ANZ -1.71% were all lower.
  • Gold miners soared today off the back of the historic and continued rise in the precious metal itself. Standouts were Emerald Resources (EMR) 8.42%, Evolution Mining (EVN) +7.84% and De Grey Mining (DEG) +5.93%.

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