Markets @ Midday - Wednesday 14th of October - ASX -71pts, PDN, RIO, ORA
Oct 14, 2026 · 6 min · 5 segments
General advice only
- Speakers
Matt SnodgrassHost
- Show signals
- SuitabilitySafeBiasNot politicalAudience≈2k followers
Oct 14, 2026 · 6 min · 5 segments
General advice only
Matt SnodgrassHost
The ASX200 trading down 71 points, 0.8% lower to 87.09. It's been a busy morning this morning.
As we saw, US banks come off overnight after the likes of Goldman Sachs, Wells Fargo and Citigroup all reported softer than expected earnings, as well as higher interest rates beginning to weigh on their net interest margins.
there and having an impact on earnings valuations for those larger global investment banks over in the US.
We did see Glencore's ASX debut this morning via CDIs and locally We're also seeing some news around legislating LNG exporters to increase domestic supply, so a few moving pieces from commodities through to financials here today.
Looking at the local market from a sector perspective, we've got real estate names up 0.8%, energy up about 0.5%, communication services up about the same, and then tech names up 0.1%.
And then we've got all other sectors lower, so seven sectors trading lower out of the 11.
Aussie sectors, financials down 1.5%, materials off 1.1%, and industrials off about 0.7%.
On the stock side, the best performers today, Karun Energy, KAR, up 5.8%, Silex Systems, SLX, up 5.7%, and Weebit Nano, WBT, down 4.3%.
On the weaker side, Paladin Energy, PDN, down 7.5%, PDI Gold, PDI, the ticker there, down 5%, and Aurora, ORA, down 3.4%.
The ASX200 trading down 71 points, 0.8% lower to 87.09. It's been a busy morning this morning.
As we saw, US banks come off overnight after the likes of Goldman Sachs, Wells Fargo and Citigroup all reported softer than expected earnings, as well as higher interest rates beginning to weigh on their net interest margins.
there and having an impact on earnings valuations for those larger global investment banks over in the US.
We did see Glencore's ASX debut this morning via CDIs and locally We're also seeing some news around legislating LNG exporters to increase domestic supply, so a few moving pieces from commodities through to financials here today.
Looking at the local market from a sector perspective, we've got real estate names up 0.8%, energy up about 0.5%, communication services up about the same, and then tech names up 0.1%.
And then we've got all other sectors lower, so seven sectors trading lower out of the 11.
Aussie sectors, financials down 1.5%, materials off 1.1%, and industrials off about 0.7%.
On the stock side, the best performers today, Karun Energy, KAR, up 5.8%, Silex Systems, SLX, up 5.7%, and Weebit Nano, WBT, down 4.3%.
On the weaker side, Paladin Energy, PDN, down 7.5%, PDI Gold, PDI, the ticker there, down 5%, and Aurora, ORA, down 3.4%.
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