Australia's largest stock trading and investment forum Australia's #1 stock forum

Day traders' after-market lounge March 14, page-16

First 16 Last

Share
Profile

Follow
Trees

43,845 Posts.

95

14/03/24

19:02

Post #: 72892551
Share

Originally posted by highlandlad ↑

Thanks afternoon crew.

End-of-day summary:

The share market fell back towards its low for this week as ratings downgrades for the big banks overshadowed a positive session for miners.

The ASX 200 faded to a loss of 16 points or 0.2%. The fall erased much of the gains of the last two sessions.

Gold and copper miners outperformed. Sandfire, Evolution Mining and Silver Lake Resources were the day's best on the index, all gaining at least 5.7%. South32 was the pick of the heavyweights, supported by BHP, Rio Tinto and Newmont.

The heavily-weighted major banks dictated the overall direction, losing between 1.13% and 3.76% after Macquarie cut its ratings on ANZ, NAB and Westpac to 'Underperform' following last week's multi-year highs. The broker had already lowered CBA to the same rating after it hit record levels.

US stocks provided limited direction after a mixed finish overnight ahead of wholesale inflation data this evening. The S&P 500 gave up 0.19%. The Nasdaq lost 0.54%. The Dow gained 0.1%.

Expand

thanks
3 Upvote

Reply

Top Stories

BPH

BPH Energy’s David Breeze addresses PEP 11 setback in company update

LDX

Lumos sees respiratory test FebriDx reach wide US audience with MediGroup contract

PNN

Power boosts Brazilian portfolio with Tântalo acquisition

MXR

Maximus sniffs 3.21 g/t gold at Hilditch ahead of resource update

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 10 more messages in this thread...

First 16 Last

SPONSORED BY