End of Day Report

Marcus Padley

Marcus Today

END OF DAY REPORT Happy Christmas. ASX 200 closes up 25.1 points at 5141.8 as BHP finally rallies. Aurizon managed to sneak in a profit downgrade just in time for Christmas. Asian markets mixed as Japan falls 0.16% and China up 0.34%. US Futures down 10. AUD is having a good Christmas at 72.35. A positive lead from overseas finally gave up some momentum especially in resource stocks which are experiencing a slight dead cat bounce. BHP +3.45% and RIO +4.19% led the way higher. Alumina (AWC) +7.66% and Fortescue Metals (FMG) +2.87% joined in the fun. The market peaked early again and fell back a little due to the downgrade from Aurizon (AZJ) -11.74%. The rise tailed off in the final hours and we limped into the close. Volume was around $3.3bn as we slip into a shortened day tomorrow. - See more at: (VIEW LINK)


Marcus Padley
Director
Marcus Today

Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and...

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