End of Day Report – Thursday 27 February: ASX 200 up 28 | Resource rally, results in focus

ASX 200 pushed 28 points higher to 8268 (0.3%) as results nearly finished. Banks were flat with ANZ up 0.5% and WBC up 0.4% with the Big Bank Basket at $253.25 (). Health insurers raced away on results and increases from April 1. REITs not doing much, GMG down 0.2% as it released the SPP details. Industrials mainly firmer, WTC still suffering down 2.6% with COL reporting and rallying 3.5%. QAN results and special dividend cheered up 5.6% and retail slightly firmer, LOV up 0.5% and PMV up 0.9%. BAP had a solid reaction day up 5.3% and APE shot the lights out, up 19.9% on better-than-expected numbers. IEL crashed 7.6% on worse than expected results. In resources, iron ore stocks found some friends, BHP up 0.8% and FMG up 1.7%. Gold miners pushed higher again, aided by a lower AUD, NEM back up 1.9% with EVN up 1.5%. Lithium and rare earths slightly firmer, PLS up 0.5% and LYC up 0.6%. Energy stocks saw some bargain hunting, STO up 1.2% and KAR posting better than expected numbers up 4.7%. Uranium stocks showed a glimmer of light, NXG up 4.5%. In corporate news, PME fell 3.7% on a 4m share block trade from the founder. NEU jumped 8.9% on better Daybue numbers. RHC jumped 6.8% after it appointed Goldmans to potentially sell its 52.8% in the European business. Nothing on the economic front. Asian markets drifted lower, Japan up 0.4%, HK off 1.1% and China down 0.4%. 10-year yield at 4.34% Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.