End of Day – Wed 9 Feb

•  The ASX 200 was buoyant today up 81 points to 7268 (1.1%). CBA results set the scene. $2bn buyback, $4.7bn cash profit and dividend 175c. Not bad, Stock up 5.6% dragging the other four banks higher. CBA was 26 index points alone. The Big Bank Basket rose to $177.75 (4.0%). Insurers rose but MQG gave back some gains falling 1.9% as brokers knocked the tallest poppy.
•  Industrials back in fashion as tech roared back. WTC up 4.8% CPU smashing it up 11.2% and XRO up 3.5%. The All-Tech Index climbed 3.8%. SQ2 missed out a little up only 1.4%. REA and SEK bounced back, WES better by 1.8%, GMG up 1.2%, TCL up 2.4% and SYD finished up today. It is no more. Healthcare mixed, CSL down 0.9% with other better, SHL up 2.2%, FPH up 2.4%. Mining stocks under pressure. Iron ore stocks feeling unloved as Chinese authorities talk down iron ore prices and speculation. BHP lost 1.7% and FMG down 3.6%. MIN tumbled on very disappointing results, other lithium stocks mixed, AKE up 2.8%, PLS up 1.8% and IGO up 1.7%. Energy stocks fell as oil came off the boil. WPL down0.9 % and STO off 1.3%. 
• In corporate news, BAP fell 7.9% after results and denied media speculation of a takeover approach, TPW started the year well and results cheered with the stock up 9.7%. DGL also doing well on results up 10.0% as were CPU and DDR. PPH updated the market on an insider trading investigation falling 3.4% and IEL fell 3.1% after results. Nothing on the economic front as we await US CPI. Asian markets better. 10-year yields steady around 2.09%. 

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