Afternoon trading March 14

Thanks @shovel40, @Fiji1 and morning crew.

Half-time wrap:

The share market dipped as broker downgrades for several of the major banks offset gains for resource stocks following overnight advances in oil, copper and gold.

The ASX 200 reached the halfway mark 9 points or 0.12% in the red after earlier gaining as much as 15 points.

ANZ, Westpac and NAB lost between 2.7% and 2.95% after Macquarie analysts cut their ratings to 'Underperform'. The downgrades followed a string of records last week.

South32 lifted 3.48% after copper rallied 3% to a seven-month high on the London Metal Exchange. BHP gained 3.11%, Rio Tinto 2.72% and gold miner Newmont 0.97%.

US stocks finished mixed overnight as the AI chip rally continued to cool. The S&P 500 eased 0.19%. The Nasdaq shed 0.54%. The Dow gained 0.1%.


Personal trading: Pip from M2M. In and out of SLZ for brokerage. Also took NYR.