End of Day Report – Tuesday 25 June: ASX bouncing back, finishing up 105 points.

Market Updates

The ASX200 has finished the day up 105 points (1.36%), bouncing back strongly from yesterday’s sell-off. The Energy sector went from worst to best following the overnight oil price rise and bargain hunters circling in. WDS up 3.7%, its best session of the year and KAR up 2.3%. Real Estate was next as bond yields fell. GMG up 0.9% and SGP up 3%. Commodities finally took a break from selling. The big miners had the best recovery despite the iron ore price falling for a fourth straight session. BHP and RIO up 2.1%, FMG up 1.9%. Copper also did well. SFR and 29M up 2.7% and 4.7%. Lithium was mixed. Uranium modestly higher, excluding PDN which recovered 2.7% from its opening drop on resumption of trade. Finishing down 5.1%. JHX rose 4.6% as buyers slow reacted to yesterday’s guidance update. Best performer in the ASX 200. Big banks joined in the rally as Australian consumer confidence improved. NAB up a huge 2%. CBA, WBC and ANZ up 1.4%, 1.2% and 0.6%. Consumer Discretionary also doing well. ALL up 2%. CKF jumped 7.3% on impressive full year results. In Health Care, RMD recovered a small 1.2% after its battering yesterday. Better than CSL, worse than COH. Finally, Tech held on to a small gain. Focussing on the ASX for a change instead of the NASDAQ’s overnight drop. WTC finished flat.
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