The ASX200 shrugged off U.S. volatility to close up 24 points at 9,153 (0.3%). Resources rebounded strongly from early losses, with BHP up 0.9% and lithium stocks also finding some buyers, with PLS up 6.5% and LYC up 1.6%. Oil and gas stocks pushed higher, led by WDS up 0.5% and STO up 1.2%. Gold miners shrugged off early losses to be mixed, with GMD up 1.3%, EVN up 1.3%, but NEM down 2.5%. Uranium stocks, too, fought back from early losses, with PDN up 0.2%. The banks were mixed, with CBA down 1.2% following a quarterly update. ANZ rallied 1.4%. Insurers were also better, with QBE up 0.8%. MQG fell slightly, and GQG plunged 19.6% on the latest funds under management numbers, showing money still leaking out the door. Reits were mixed, with GMG up 0.9% and the SGP down 0.9%. Industrials, though, were generally firmer, with BXB up 0.6%, CPU up 0.7%, and REA doing well with an 0.6% rise. Supermarkets were flat, and retail was mixed, with WES up 0.8%. Technology stocks firmed despite Wall Street weakness, with WTC up 2.5%, XRO up 1.8%, and the All - Tech index rising 0.9%. In corporate news today, we saw IEL do very well on the back of a potential bid from Brookfield at $3.00. Saw bargain hunters back in after the falls yesterday, and PXA fell 3.4% after it slashed forward guidance. ADH also slipping 2.0% after it flagged a more challenging consumer environment. CBA results landed with a ‘ho’ and a ‘hum’, showing once again a solid set of numbers, but somewhat uninspiring. On the economic front, we did see the new home loans slumping in its biggest fall on record. We also saw CBA mortgage arrears at the highest in 14 years. Asian markets mixed, Japan up 1.3%, CSI 300 down 0.3% and HK down 0.8% Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.
