Evening Wrap: ASX 200 dips as uranium, lithium, gold stocks tank, Myer and Premier rise on tie-up, Cettire and Resmed plunge

Ever since the 80’s, the general consensus has been that Mondays suck.

Sir Bob said he doesn’t like them, New Order called them blue, and Madonna, manic.

The last three starts to the week for the ASX have been terrible (one was a Tuesday because of a public holiday, but please don’t let this get in the way of my rant!).

Today, 62.3 points of last week’s hard earned gains were wiped off the benchmark, and when you see the intraday chart, you’ll see it was done without putting up a hint of a fight.Energy and Resources were at it again, leading sector losses, as the share prices of uranium and lithium stocks continued to dissolve – the latter on a complete capitulation in a key lithium futures contract.But there were few areas of the market that didn’t concede defeat today. There were some cracking stock specific goings on, however, with big […]

About the author: StockMan

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