Australian Stock Report - Market Pulse
Midday Market Analysis: August 15
marketpulse
Publish date: Mon, 15 Aug 2011, 01:37 PM
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Welcome to MarketPulse, the Australian Stock Report's financial market blog. In the MarketPulse blog we aim to provide frequent updates on current events across the financial markets, including market wraps, articles in the news, opinions, reviews, financial education and finally our top tip of the week. The blog is published by the Australian Stock Report research and report editing team together with our very own "Passionate Trader", Carl Capolingua.
The Aussie market is faring very well so far today, currently trading 1.8% higher.
Local traders seem to have run with the bullish leads provided by Wall Street on Friday night, with every sector trading in positive territory.
Materials and energy are the standouts, whilst the financials are the poorest performing group.
In company news, Newcrest Mining today reported their full-year results and recorded a 63% increase in net profit to 30 June.
Despite the solid result, the stock is trading approximately 2% lower.
Around the region, Asian markets are mixed; the Hang Seng (+1.8%) and Nikkei (+0.9%) are trading higher, whilst the Shanghai Composite (-0.3%) is weaker.
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