The ASX 200 closed up 12 points at 8308 (0.1%) in a good recovery from early 70-plus point losses. Banks were the turnaround story as buyers went shopping. ANZ and NAB leading the sector higher with the Big Bank Basket at $252.96 (2.5%). Macquarie gained 1.5% as insurers also saw a positive turnaround. NHF dropped good numbers and rose 12.5%. PPT knocked back the Barbarians at the Gate falling 2.3% with XYZ falling 12.9% on disappointing numbers. REITs slipped again as GMG fell 4.1% and VCX down 4.4%. Industrials were mixed, ALL bounced 2.9% with WOW and COL better on defensive buying., Utilities also did well with APA rising 7.7% on numbers. Tech was hit hard as news of WTC directors resigning en masse saw losses of 20.1% in WTC and XRO slipped 1.2% with the All-Tech Index dropping 3.2%. Resources succumbed to gravity after holding up well last week, BHP, RIO and FMG all lost ground. Gold miners eased back, NEM fell 2.8% and NST off 2.1% with lithium plays falling but off lows. PLS down 3.4% and MIN off 0.7%. Oil and gas remained neglected and uranium stocks fell on profit taking. In corporate news, plenty of results, IRE fell 14.5% as guidance came in below forecasts, PRN, REH also under pressure on disappointing results. GYG fell 7.0% as brokers downgraded, XYZ hit hard falling 12.9% as crypto lost ground and LOV felt no love at all down 3.8%. Nothing on the economic front today. Asian markets mixed, Japan on a holiday, China and HK taking a break with HK off 0.6% and China unchanged. 10-year yields steady at 4.44%

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