市场见解

ASX 200 (ASX:XJO) midday update: Magellan rebounds, Pilbara Minerals sinks

The ASX 200 is back on form…
The post ASX 200 (ASX:XJO) midday update: Magellan rebounds, Pilbara Minerals sinks appeared first on The Motley Fool Australia. –

At lunch on Tuesday, the S&P/ASX 200 Index (ASX: XJO) is defying the weakness on Wall Street and pushing higher. The benchmark index is currently up 0.25% to 7,309.7 points.

Here’s what is happening on the ASX 200 today:

Magellan shares bounce around

The Magellan Financial Group Ltd (ASX: MFG) share price has been bouncing around on Tuesday. After dropping to a new multi-year low, the fund manager’s shares are now trading meaningfully higher for the day. Though, this could have been driven partly by short sellers buying back shares today to close out their positions following yesterday’s 30%+ decline.

Pilbara Minerals shares tumble

The Pilbara Minerals Ltd (ASX: PLS) share price is under pressure on Tuesday after the release of a disappointing update. According to the release, the lithium miner has downgraded its December quarter and FY 2022 annual concentrate production and shipping guidance due to delays with commissioning, ramp-up initiatives and extended plant shutdowns at its Ngungaju and Pilgan Plants.

Afterpay makes new 52-week low

The Afterpay Ltd (ASX: APT) share price has continued its poor run and tumbled to a new 52-week low of $80.21 this morning. This followed another heavy decline by the Square share price overnight which devalued the takeover offer that Afterpay shareholders voted overwhelmingly in favour of last week.

Best and worst ASX 200 performers

The best performer on the ASX 200 today with a gain of almost 6% has been the Magellan share price. However, its shares are still down ~60% in 2021 despite this gain. The worst performer has been the Pilbara Minerals share price with a 7% decline after downgrading its production and shipments guidance.

The post ASX 200 (ASX:XJO) midday update: Magellan rebounds, Pilbara Minerals sinks appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Magellan (ASX:MFG) shares just lost $1.8b of market cap. What now?

5 things to watch on the ASX 200 on Tuesday

Here are the top 10 ASX shares today

Sydney Airport (ASX:SYD) share price flat amid ‘subdued’ traffic outlook

What’s going on with the strange Newcrest (ASX:NCM) share price today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended AFTERPAY T FPO. The Motley Fool Australia owns and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!