Evening Wrap: ASX 200 scrapes into green on tech, health, while energy hit by uranium meltdown

We capped off a volatile week with a 5.6 point gain, but a 54.6 point loss for the week.

It was a mixed bag in terms of performance, with technology and telecommunications stocks faring the best, and utilities and energy the worst.

By far the biggest moves on the day were in uranium stocks which saw numerous double-digit losses as global uranium giant Cameco spooked the market with plans of increased production.

At the other end of market fortunes, in lithium and battery metals stocks, there appears to be more than just a little short covering action going on as eluded to in yesterday’s Evening Wrap…which is of course the best ASX evening wrap in the world!Let’s dive in! Markets S&P ASX 200 (XJO) Intraday Chart 9 Feb 2024 ASX 200 Session ChartThe S&P/ASX200 ( XJO ) finished 5.6 points higher at 7,644.8, roughly at the mid-point of the session’s range. […]

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