End of Day Report – Tuesday 31 March: ASX 200 closes up 21, a month to forget | Gold rallies

Good afternoon and welcome to the Monkus today end of day podcast. My name is Henry Jennings

it is Tuesday the 31st of March and as usual with all the information contained in this

podcast is general advice only. So please do your own research contact your own financial advisor

regarding any of the thoughts ideas or insights in this podcast. Well it was fair to say it was

a little bit of a topsy turvy kind of day we started weaker there were the reports out as well

of a tanker being hit by Iran in the port of Dubai that sent markets lower then we had reports that

Donald Trump has said that he is willing to suspend the war and it doesn't necessarily mean that

he needs the straight of humours to be open which seems somewhat strange but whatever that was

enough to help the market and at one stage we popped to 85 49 which was the high of the day we

opened at 84 77 we closed 84 sorry the low of 84 11 closing at 84 81.8 up 21 points or 0.25%

to be honest at the end of the session which is the end of the month end of the quarter

saw a little bit of selling we were up around 35 40 points coming into the 410 match out so a little

bit of selling as we hit the end but it was a confusing day on the news coming out of the Gulf

and coming out of the White House so we did see US futures at one stage were down to 300 points

then burst up four or 500 points so it has been quite a volatile session in the market closing as

I say up 21 points gold popped higher and resources generally held relatively firm I guess in some

respects the gold price was better in Aussie dollar terms it's up to well the devil the number of

the devil 666 666 Aussie dollars an ounce northern star up 4.4% new month up 2.2 greatland kicking

from is yesterday's gain 4.6% Genesis in the beginning 5.8% higher as well iron ore stocks kind of

a little bit mixed BHP was pretty much unchanged real up 0.4 we had 4 to skew down at 1.2% today and

lithium stocks eased back a smidge on Pilbra down 4.9% mineral resources down 3.7 also rare

earths under a little bit of pressure liners down 3.9% their lion town clawed back 3.7% down for

lion town in terms of the oil and gas sector well as you can imagine the oil price was kicking

but then it started to slip on that news from Donald Trump but the war still dominating

Santos down 1.1% woodside down 0.5 croon at down 3.7 and the coal stocks eased back white haven the

worst the bunch down 6% no hope was down 3.9% but it was ex-divine today yandle a yankhole down 4.7%

uranium stocks slightly firmed and with the exception of paladin having a bit of a issue in

Canada with some environmental issues there down 1.2% but deep yellow up 2.4% over in the industrials

and the banking sector well the banks the big bank basket pretty much unchanged 284 58 down

0.1 of 8% cba falling 0.6 west pack up 1% nabs up half a percent and financials generally

were better we had mccory up 1.2% a 6 up 2.8% gqg nearly 4% higher hub 360 or hub 24 up

3% and we had a MP up 1.6% so not a bad day financials which makes a change insurers

a little bit easier qbe down 0.5 Medi bank public down 0.5 as was iag looking at the rest of the

industrial market or the tech space got a rare boost today that was falling yields helping 0 up 6.6%

wise tech up 4.1 we had 360 up 3.5 and catapult well one of the lives got back for the cat 7.7% higher

there so there was some better news i guess in the tech space that all tech index was up 2.6% retail

stocks slightly firmed as well we had the likes of let's have a little look at some of these retail

stocks we have the likes of ap is up 3.5% premier 3.1 my are though got trashed down 6.5%

a risk to crack up 1.1 no real bounce back in the travel space although flight centre up 1.6%

and star entertainment down 4.2% there in corporate news today well catman don't grabbed a

lifeline with a deeply discounted rights issue yet to appear back on the boards we also saw koala

so far so good certainly betting down nicely there with a decent gain from koala 11.8% there

so not a bad effort there for koala and colin's food did someone say kfc has run the bell

on tako bell and there's exiting it stores a1n which is arn media down another 19%

as now jacky o has commenced legal proceedings claiming 82 million dollars in compensation

right in economic news today we did get the rba minutes so they were out and not really big surprises

from them but probably enough to persuade some of the the bears in terms of interest rate rises

that it's not just a done deal for a rising rates that coupled with Jerome Powell's comments as

well overnight certainly helped the bond yields fall to 4.97 and we also had china's

manufacturing PMI better than expected as well so some better news coming out of china

at the moment as far as Asian markets go let's have a look and see what we're doing there

Japan down 1.3% hangs saying down 0.5 china down 0.6 put some things in perspective one year

performance in the Nikkei 225 still up 45 and a half percent the topics up 33% and the

meski asia pacific index 26% higher so it's still not been a bad hunting ground there for

markets right as i said 10 year yields falling to 4.97% down futures currently they are up

S&P futures up 0.7% down futures are up 364 points so that's a bit of a kick higher

from when i did them a minute ago and nasdaq futures as well doing not bad they are up around 100

and where are we 143 points so they've kicked as well slightly higher as far as highlights go today

let's look at the winners and winners today coronado was the biggest winner today 9.1% higher 10

million shares to 36 cents resolute gold doing well as well some news out of guinea 8.6% higher 11

million shares to $1.39.5 i.e.l idp education big short position there 2 million shares traded

up to $4.06 7.7% higher catapult having got one of those lives back for cat 7.7% higher on

2 million shares to $3.22 generation development as well which has been in the doggie house

that one up to up 7.4% on 2 million shares $4.20 and even temple and webster managed a rise of

6.8% to $7.10 in the naughty corner today on the naughty step with the the hat on we have got

sims group down 7.5% on 3 million shares to $17.90 Maya collapsed to 29 cents down 6.5% on 20

million shares white haven as well not fairing too well today they fell what is it 6% on a buyback

update 7 million shares to $9.25 L site which has the AI technology to connect drones 5.9% down on

2 million shares $5.44 Jan Cole down 4.7 on 4 million shares to $8.29 and that's about it really

as far as the winners and winners go positive sectors today well let's run through the positive

sectors gold miners nice to see them back in positive it's always heartening to see tech also

doing well we had the reats up as well and we also saw industrials generally not looking too

bad today bond yields falling certainly helped their negative sectors today well oil and gas

I think it's fair to say they have been stunning performers but coming off the boil at the moment

and we did see the supermarkets again they have been defensive sectors which have been

holding up well they fell today will ease down 0.7 and coals down 1% so they eased back as far as

the big bank basket falling to 284 58 down from 284 96 are hardly much for full the all tech index

up 2.6% gold in Aussie dollar terms jumping to $6666 all the sixes bitcoin steadier 67

602 let's just have a quick look at bitcoin as I haven't looked at that recently

so bitcoin well in Aussie dollar terms banging on the door of 100,000 Aussie but in US dollars 68

313 so that's better than it was half an hour ago so a little bit of interest revival there

the Aussie dollar at the moment against the US that one is 68 46 the European market is looking

for a cautious open market movers and shakers that we haven't talked about Saturn STN which is another

one that I talked on Monday as one of my gold explorer picks and we'll be going in my newly created

gold explorer 5 stock basket up 11.1% peninsula which is the Lance Uranium project in America 23.8%

higher we also saw TER down 8.6% IPO of the day koala certainly so far so good

better down nicely 11.8% higher for that one so that's interesting and we had yesterday's hero

we're doing yesterday's hero which is basically the speculative stock of yesterday

becomes yesterday's hero today if there was one and the yesterday's hero was Omega oil and gas

or Omega up another 9.1% today's hero speculative stock of the day today is a stock called MCE

which I haven't heard of they have received the NBIO the non-binding indicative offer from AIH

who have also taken out some calls from existing holders which gives them a 19.9%

foothold the stock price bid the cash bid is 40 cents MCE matrix construction and engineering so

that might be worth having a look at tomorrow for a Harry Kane style trade 36 cents so there's I guess

there's four cents in it which is around 11% upside in that one as far as economic and other

news goes well the RBA minutes conflict is creating stake flation risk according to the RBA

the RBA is also banned credit and debit card surcharges this is despite business disquired it also

would cap interchange fees for credit cards charged by banks from 0.8% to 0.3% and it could cost banks

around $660 million a year my heart bleedeth for the banks a gym charmer insists the federal

budget will pursue tax changes to deal with the intergenerational rational in equity product

productivity measures and savings and China's official gauge for manufacturing activity climb

more than expected and the Chinese manufacturing purchases manufacturers index it's the PMI

rose to 50.4 expectations for 50.1 Trump says Iran just wrote Ian Mr. Na Trump says

Iran sending 20 big boats through the strait as a gift Pakistan is one of the prime

movers in sending its tankers through hasn't actually got that many tankers but I think everyone's

a Pakistani tanker at the moment Pete Hegseth's broker looks to buy into a defense fund just

before the Iran attack and foreign central banks are selling US treasuries in the wake of the

Iranian war and the air Canada CEO have to feel a little story for him he took over in 2021

and he promised to learn to speak French he issued a condolence message for the pilots that were

killed in that tragic air crash the other day on the runway and he did only spoke I think two words

Bonjour and au revoir in French and in Quebec that is very much a no-no well that's it from me

thanks very much Lucy have a great evening of course we're back again tomorrow morning with the

pre-market podcast and also on the call tomorrow on Osby's talking to the tin stop so that should be

finding games in the meantime thanks for your support have a great evening

you