The Market Wrap with Carl Capolingua, Content Editor at Market Index

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3d ago 6:56

MP3•Maison d'episode

As a Chinese EV battery maker halts two of its mines, could this be the start of a turnaround in the fortunes of lithium locally?

MARKET WRAP:

ASX200: down 0.30%, 7,987
AUD: 66.61 US cents
GOLD: $2,551 US/oz
BITCOIN: $84,888 AUD

The surge for Materials was built on the back of lithium
Mineral Resources surged 16%, Liontown lifted by 14.3%, Pilbara Minerals was up 13.1% and IGO jumped by just under 5%.
BHP up 1.8%, Fortescue gaining 2.6% and Rio Tinto rising 1.2%
REA group shares down 2.2% to $197.99.
Our local tech companies went backwards, with NextDC losing 5.6% and Wisetech dropping 0.6%.
While the banks were down, with the Big Four suffering between 1.5 and 1.9%

CURRENCY UPDATE:

AUD/USD: 66.61 US cents
AUD/GBP: 50.9 pence
AUD/EUR: 60 Euro cents
AUD/JPY: 94 Japanese yen
AUD/NZD: 1.08 NZ dollars

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