End of Day Report – Monday 19 August: ASX 200 up 9 | WBC results

ASX 200 managed a small 9-point rise to 7976 (0.1%) as results dominated. WBC off to a promising start, up 2.5% its 3Q update beating estimates, the Big Bank Basket rose yet again to $236.30 (1%). Other financials mixed, MQG lost 0.1% as it launched a $1bn hybrid issue. SUN up 1.3% on results. REITs mixed, GMG down 1.3% with GPT firing 1.7% higher. Industrials wafting around. Staples were ok, retail held on to gains, dull industrials lost ground. REH down 3.9% on results, SVW off 2.2% and RWC also 2.9% lower. In resources, iron ore continues to flounder. BHP falling 0.7% and FMG down another 1.9%, gold miners better on bullion prices NST up 1.7% and EVN up 2.7%. Uranium stocks are falling with a clear out happening, PDN down 5.8% and BOE off 4.6%. Oil and gas slightly firmer. In corporate news, A2M soured 18.8% on the Chinese outlook. ADB soared 19.9% on the same numbers from two weeks ago, WBC did well, NXL leapt 25.5% on its results, and LLC fell 0.8% as it continues to jettison the international division. Nothing on the economic front today, RBA Minutes tomorrow. Asian markets mixed, Japan down 1.7%, China up 0.3% and HK up 0.8%. Australian 10-year yields 3.92%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.