ASX 200 recoups early losses as major banks push higher, tech stocks pull back

LiveWire03-06

The S&P/ASX 200 closed 9 points higher, up 0.12%. Source: Market Index ASX 200 Session Chart ASX 200 recovered from a weak start to finish higher and near best levels (Source: ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX 200 recoups early losses as major banks push higher, tech stocks pull back\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-06 16:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/asx-200-recoups-early-losses-as-major-banks-push-higher-tech-stocks-pull-back><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P/ASX 200 closed 9 points higher, up 0.12%.\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nASX 200 Session Chart\n\n\n\n\n\n\n\n\n\nASX 200 recovered from a weak start to finish higher and near best levels (Source: ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-recoups-early-losses-as-major-banks-push-higher-tech-stocks-pull-back\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NXT.AU","symbol_name":"NEXTDC LTD","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/asx-200-recoups-early-losses-as-major-banks-push-higher-tech-stocks-pull-back","article_id":"2417234952","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/asx-200-recoups-early-losses-as-major-banks-push-higher-tech-stocks-pull-back","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2417234952","pubTimestamp":1709712427,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"The S&P/ASX 200 closed 9 points higher, up 0.12%.ASX 200 recovered from a weak start to finish higher and near best levels . Today's Evening Wrap is an overview only due to Kerry and Carl being assigned to other projects this afternoon.ASX 200 finished higher, up from session lows of -0.38%. ASX 200 slightly eased following the weaker-than-expected 4Q23 GDP data but started to trend higher from 1:00 pm AEDT onwards. Intraday turnaround was driven by a notable turnaround in heavyweight banks – The big four banks opened around breakeven and finished around 1.0% higher. Technology stocks led to the downside following a weak lead from the Nasdaq. Major tech losers include Dicker Data , Iress , Life360 , Wisetech Global  and Technology One . +4.46% Zip Co  - Becoming a substantial holder, rise is consistent with prevailing short and long term uptrends. -7.62% Omni Bridgeway  - No news, fall is consistent with prevailing short and long term downtrends. -6.00% Iress  - Response to ASX Price Q","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NXT.AU":"NEXTDC LTD","SFR.AU":"SANDFIRE RESOURCES LTD","TLG.AU":"TALGA GROUP LTD","MFG":"瑞穗金融","ZIP.AU":"Zip Co Ltd","SIG":"西格内特珠宝","GNC.AU":"GRAINCORP LTD-A","ZIP":"ZipRecruiter Inc.","QBE.AU":"QBE INSURANCE GROUP LTD","TNE.AU":"TECHNOLOGY ONE LTD","BLD.AU":"BORAL LTD","SIG.AU":"SIGMA HEALTHCARE LTD","BHP.AU":"BHP GROUP LTD","OBL.AU":"OMNI BRIDGEWAY LTD","PPI":"AXS Astoria Inflation Sensitive ETF","CTT":"CatchMark Timber Trust Inc. 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Price Target: $17.90\n\nAeris Resources (AIS) retained at buy at Bell Potter; Price Target: $0.23\n\nAltium (ALU) downgraded at at Macquarie; Price Target: $68.50\n\nASX (ASX) retained at underweight at Morgan Stanley; Price Target: $53.50\n\nBHP Group (BHP)\n\nRetained at outperform at Macquarie; Price Target: $48.00\nRetained at neutral at UBS; Price Target: $45.00 from $44.00\n\n\n\nBoral (BLD) retained at neutral at Jarden; Price Target: $5.80\n\nCredit Corp Group (CCP) retained at neutral at Macquarie; Price Target: $18.32 from $16.89\n\nChampion Iron (CIA) retained at outperform at Macquarie; Price Target: $9.20\n\nDelta Lithium (DLI) initiated at neutral at Barrenjoey; Price Target: $0.30\n\nDeterra Royalties (DRR) retained at neutral at Macquarie; Price Target: $4.80\n\nElders (ELD) retained at buy at Shaw and Partners; Price Target: $10.00 from $9.00\n\nEvolution Mining (EVN) retained at buy at UBS; Price Target: $3.65 from $3.50\n\nFortescue (FMG) retained at underperform at Macquarie; Price Target: $18.50\n\nGraincorp Class A (GNC) retained at buy at Bell Potter; Price Target: $9.30\n\nHealius (HLS) retained at sell at Citi; Price Target: $1.10\n\nMagellan Financial Group (MFG) retained at underweight at Morgan Stanley; Price Target: $7.85\n\nMount Gibson Iron (MGX) retained at outperform at Macquarie; Price Target: $0.55\n\nMineral Resources (MIN)\n\nRetained at outperform at Macquarie; Price Target: $75.00\nRetained at sell at UBS; Price Target: $60.00 from $51.00\n\n\n\nMegaport (MP1) retained at at Macquarie; Price Target: $15.90\n\nMedibank Private (MPL)\n\nRetained at hold at Citi; Price Target: $3.80\nRetained at neutral at Goldman Sachs; Price Target: $3.70\nRetained at neutral at Macquarie; Price Target: $3.60\n\n\n\nMacquarie Group (MQG) retained at overweight at Morgan Stanley; Price Target: $202.00\n\nNIB Holdings (NHF)\n\nRetained at buy at Citi; Price Target: $8.60\nRetained at buy at Goldman Sachs; Price Target: $8.10\nRetained at neutral at Macquarie; Price Target: $7.30\n\n\n\nNextdc (NXT) retained at at Macquarie; Price Target: $20.00\n\nOrica (ORI) retained at buy at Jarden; Price Target: $17.75\n\nPerpetual (PPT) retained at overweight at Morgan Stanley; Price Target: $27.70\n\nPlatinum Asset Management (PTM)\n\nUpgraded to hold from sell at Bell Potter; Price Target: $1.13 from $0.84\nRetained at underweight at Morgan Stanley; Price Target: $1.30\n\n\n\nQBE Insurance Group (QBE) retained at overweight at Morgan Stanley; Price Target: $19.80\n\nRio Tinto (RIO)\n\nRetained at neutral at Macquarie; Price Target: $120.00\nRetained at neutral at UBS; Price Target: $127.00 from $125.00\n\n\n\nSouth32 (S32) retained at buy at UBS; Price Target: $4.00 from $3.95\n\nSandfire Resources (SFR) retained at buy at UBS; Price Target: $8.85 from $7.60\n\nSigma Healthcare (SIG) initiated overweight at Barrenjoey; Price Target: $1.30\n\nTechnology One (TNE) retained at at Macquarie; Price Target: $16.80\n\nWildcat Resources (WC8) initiated at overweight at Barrenjoey; Price Target: $0.80\n\nWisetech Global (WTC) retained at at Macquarie; Price Target: $81.90\n\nXero (XRO)\n\nRetained at buy at Citi; Price Target: $159.00 from $129.40\nDowngraded to neutral from overweight at Craigs Investment Partners; Price Target: $124.73\n\n\n\n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2417234952"}