End of Day Report – Wednesday 1 April: ASX 200 pumps 190 points higher | Banks surge 2%

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

It is Wednesday the 1st of April 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 this could be an April

Fools day joke we'll wait and see there's certainly was one of the news that it's a day I hope

you spotted it but the ASX 200 was up 190 points or 2.24%. Closing on its high for the day of 8671.8

we opened at 8618.7 we had a low of 8606 and a high of 8671.8 we did mill around most of the day

wondering what to do with ourselves but in the end we decided that all was good and we would push

things up. I have to say I'm a little puzzled about that maybe new money coming in but

Dow futures not doing an awful lot and now we have the prospect of a Donald Trump national speech

to the American people which could say anything to be honest so the risk is still well and truly

out there but today we chose to ignore that particular risk and certainly piled on the points

and the points really came from as always the big banks and the big resources plus the gold miners

which had a massive rebounds today on a bit of a rethink so that was all good. The resources

roaring back into life with BP up 4.3% Rio up 3.5% Fortescue up 3.8% those goldies well what can I

say a big bounce evolution up 8.2% northern star up 8.6% I was quite bullish coming back from the

gold conference last week and did convey that I think ad nauseam in the newsletter Genesis up 6.1%

new one up 4.3 West gold 6.8% so it was game on we even had blue scope still up 2.6% today

and AAI which is our color doing well out of aluminium 4.2% higher as was South 32 doing well

4.9% higher we saw rare earths doing better line us up 3.6% Arifura had a great day Pilbra had a good day

3.5% Liantown roaring back 6.2% in fact everything in the resource garden was pretty beautiful

except for the coal stocks which did nothing and the oil and gas stocks which did nothing

either didn't come off much either Paladin I was up 6.9% though in the Uranium Space deep yellow

was deep green 9.2% higher and Lotus up nearly 12% today so all was green in the garden

of resource land in the banks the big bank basket up 2% roaring back to $290.26 CBA up 2.5%

McQuarry up 3.3% and other financials also taking their queue and pushing up even GQG up 3.2%

and Zip up 10.7% Soul Pats up 1.2% so things looking pretty bright there at least for the day

as well as health care better CSL's up 1% the industrial space also good Bramble's up 1.4% retail

improved ever so slightly with J.B. Hifi up 1.4% AP Eagers took over 2 Audi dealerships in Melbourne

they were up 9.5% risk ran up 3% travel stocks bouncing back as well and we did see the likes of

flight centre up 4.8 Webjet up 6.5% so everything in the garden was pretty rosy but a lot of it is

going to be I guess on what happens tonight we've got Prime Minister Albanese talking the

evening addressing our nation at 7 o'clock I think it is and it's widely anticipated that we are

going to get some sort of petrol rationing in place I guess or petrol restrictions could be in

place after Easter and then tomorrow we get Donald Trump addressing the US in a rare address to

the nation and it's going to be interesting to see what he says there I'm not sure it's going

to be quite what the market wants but we'll wait and see all right as far as corporate news goes

today well AP Eagers did well they entered an agreement to acquire those two Audi dealerships

in Melbourne Perenti had a good day today on the back of a new CEO being announced and

started payment up 8.7% today on the back of Chow Thai foot enterprises in the far east consortium

taking full control of Brisbane's Queen Wharf precinct and economic news we had

willing approvals rising 29.7% in February to 19.22 driven by a surge in private apartments

and in Asian markets at the moment well Korea absolutely went through the roof they were 7% up at

one stage one looked at it Nikkei up 4.6 Hong Kong up 2% China up 1.4% 10 year bond yields falling

to 4.91% in Australia so that's peace hopes there and US futures they are positive but not huge

about gold rallying another 29 points at the moment 0.6% of a European futures set to open higher

as well in terms of the winners and winners today let's run through the winners let's run through

the losers because there were a few losers today Pexa fell 14.7% there certainly were some stories

around today and they did have an ASX price query three million shares traded down to $12.97

Lindy and resources also they did a placement today at 75 cents closing at 76 and a half down

13.6% 18 million shares date line with that placement at 40 cents down 5.5% to 43 cents

EQ resources falling 4.7% 22 million shares traded there down to 30.5 it's someone say KFC

well they were down 3.4% that's CKF I wish they get that sorted out with their code that would

make life so much easier down to $8.45 Karoon fell 7 cents or 3.4% on 13 million shares to $1.99

in terms of the winners and winners HM Capital was a big winner today 16.2% higher 6 million shares

traded Greatland gold well not only the gold but also that good trading update that good production

update from the other day 14.9% higher 5 million shares traded BNZ haven't come across that one

before that was up 13.6% BNZ mining 13.6% higher 970,000 shares traded to $2.50

electro-optic systems at rallied 12.7% on three million shares the $9.03 isn't peace bad for

defense stocks well never mind shallus up 11.7% two million shares to $1.58 and WAI also doing

well today up nearly 11% that's WAI gold a million shares 45 and a half positive sectors today

the bank sign all gold miners uranium lithium in fact pretty much everything negative sectors

nothing as far as the highs and lows go we closed on our high of 8672 optimism building

closing on its highs the big bank basket rising to $290.26 that's up 2% the all-tech index having

a good day for a change is well have we seen the bottom I guess 3.3% higher for the all-tech

index so good result there gold in Aussie dollar terms let's just go to the the gold price just for

a bit of a giggle gold in Aussie dollar terms is currently where are we 68.01 so that's rallied

again so that's certainly benefiting from peace at the moment Bitcoin has slipped slightly let's

have a little look Bitcoin in US dollar terms 68.504 so that's a little better than it was 20 minutes

ago when I first started writing this report so that's a little better there and the 10 year

years 4.91 the Aussie dollar is currently trading at 69.12 with those US futures just mildly positive

European futures positive as well market movers well predictive discovery PDI we did have this

as a buy on the call today on Aussies up 10.1 percent it is involved in a merger with

RobEx both West African gold producers 10.1 percent higher we had zip up 10.7 percent

are a fewer they executed a binding cornerstone equity agreement they did well today Gina will

be happy they are up 8.9 percent and St George will it slay the dragon for those that have not

worked out that reference and it partnered with Boston Metals EUR which is European Lithium had

a good data up 11.9 percent buyback update and Coria which is merging with the valuation apparently

of 72 cents odd on the back of what the money's been put in at it was up 7.1 percent to 30 cents so

there's a big big distance between that and that valuation satin metals which we wrote up this

morning up 7.8 percent nothing to do with me I'm sure two million shares traded and ATX which is

amphithea therapeutics which we have in the biotech basket numero uno was up 12.8 percent

in that biotech basket that's looking pretty good in the the bad side of the equation not

for us but for ETM shareholders that's energy transition now they have a rare earth project in

Greenland down 41.9 percent they opened at seven and a half at a higher 7.7 a lower five they're

5.4 71 million shares traded today the Greenland government basically knocked back their license

I'm not sure you want to do that you might antagonize you know who yesterday's hero which was

the takeover target matrix construction engineering unchanged today at 36 cents and no speculative stock

today as far as economic and other news goes building approvals total 12ings approved rose 29.7 percent

we also have Anthony Albanese speaking to the nation this evening at 7 pm we saw city economists

expects the reserve bank of Australia to lift interest rates by further quarter percent in June

Trump has said the US could withdraw from Iran whether we have a deal or not

yeah the president to address the nation tomorrow open AI has erased three billion from retail

investors as part of a record funding overhaul or funding haul rather judge has halted the

construction of Trump's 400 million white house bullroom interesting and Italy has failed yet again

to make the world cup I'm sorry but the Italians really that's the third world cup in Iran I think

it is that Italy have missed out on they lost out on penalties something that my old blighty

team tend to always do as they say in football football is applied by England football is again

played by England and Germany that always ends in penalties in Germany always wins and Trump

signed an executive order restricting mail in voting at the white house today well that's it

from me thanks very much listing have a great evening it's 190 up today so we'll see what tonight

brings but all eyes will be on the president Trump's address and that is going to be crucial but

certainly they're still conflicting news reports about what is happening and what is going to

happen so as always thanks for your support I'll be back tomorrow morning with the pre-market

podcast take care

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