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End of Day Report – Wednesday 12 February: ASX 200 up 51 points | CBA delivers, BVS and CPU shine

End of Day Report – Wednesday 12 February: ASX 200 up 51 points | CBA delivers, BVS and CPU shine

2/12/2025 · 13:40
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Description of End of Day Report – Wednesday 12 February: ASX 200 up 51 points | CBA delivers, BVS and CPU shine

ASX 200 rallied 51 points to a new record of 8535 (+0.6%) after a slow start dominated by results. CBA set the tone and gained 2.5%, with other banks following in its wake, the Big Bank Basket up to $272.97 (+2.0%). MQG found some love from brokers, up 1.7%, and SUN delivered a special dividend up 1.3%. GQG continued higher by 1.7% with MFG going down 2.7%. BVS knocked the lights out with its results up 18.6%, and CPU also doing well on upgrades to guidance, up 15.5%. REITs mixed but uneventful despite yields pushing higher, CQE continued to gather fans up 2.9% after the good result yesterday. Industrials firmed, supermarkets were better, WOW and COL doing ok. SGH continued to grind higher on broker upgrades, up another 2.8%, and REA rose 1.5%. Healthcare seems to be struggling with US concerns on cutbacks, with PME down 1.2% and TLX off 1.0%. CSL stumbling around but trying hard to find fans, In resources, the Three Amigos were mixed, FMG up and RIO down. Gold miners took a breath, NEM down 2.5% ahead of Barrick results tonight, EVN delivered on promise and rose 1.1%. Lithium miners still squirming, MIN off 2.4% and PLS up 0.5%. Oil and gas stocks were slightly firmer as STO upgraded its reserves, uranium slipping slightly and coal not such a merry old soul, WHC off 2.7%. In corporate news, AGL rose 0.2% on better numbers, and AOV fell 7.1% on less than GUD results. On the economic front, lending indicators today. Asian markets a little mixed, with Japan off 0.1%, China unchanged and HK up 1.6%. 
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