End of Day Report – Monday 4 November: ASX rises 46 points | WBC results, MIN dumped

Market Updates

ASX 200 kicks 46 points higher to 8165 (+0.6%). Banks and industrials leading the charge higher. WBC rose 0.9% on a higher dividend and an extension of the buyback. CBA up 1.6% and the Big Bank Basket up to $246.72 (+1.3%). REITs slightly positive, SCG up 0.3% and tech and industrials better, WTC rallied another 2.6% on the calm, XRO up 1.4% and the All-Tech Index up 1.23%. QAN rallied another 1.5% with TCL rallying 2.1%. Healthcare better too, CSL up 1.7%. Resources were mixed, MIN fell 9.6% on the inquiry update that satisfied no one. Iron ore miners eased, BHP down 0.4% and RIO off 1.3% with gold miners slightly better, NST up 0.9% and WGX up 3.2%. Oil and gas stocks pretty flat and uranium stocks slid on lower spot prices, PDN down 3.3% and BOE falling 7.8%. In corporate news, TLX rose 3.5% on some reimbursement news, SGR fell 6.7% as a big line was traded at 20c. GPT reaffirmed guidance, FBU rose 1.5% on NZ Commerce Commission news. Nothing significant on the economic front, some ANZ jobs numbers with China, central banks and US elections the focus. Asian markets better with China up 0.5%, HK up 0.1%. Japan closed for Culture Day. 10Y yields continuing to rise to 4.56%. Dow Futures down 26 points. NASDAQ Futures up 75 points.
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