End of Day Report – Thursday 8 October: ASX 200 drops 67 - Firmus in doubt - Banks fall - Miners under pressure - MGH drops 22%

The ASX 200 fell 67 points to 8,661. Rumours continued to swirl around the Firmus IPO and repricing due to valuation question marks. The banking sector was weaker today, with CBA down 1.5% and NAB down 1.6%. The Big Bank Basket fell 1.5% Also, we saw MQG succumb to gravity, falling 0.8%. Insurers were better on the back of higher bond yields, with QBE up 1.4% and IAG also doing well, up 2.2%. The rest of the financials eased back, although we did see gains for ASX, up 3.8%. Rates were a littl...