Australian Stock Report - Market Pulse
Evening Market Analysis: August 17
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Publish date: Wed, 17 Aug 2011, 05:21 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.
Strong corporate profits buoyed the Aussie market today, with stocks shrugging off eurozone debt worries and a negative offshore lead.
The big four strengthened, with CBA and Westpac putting on over 1% each.
In the property space, Westfield edged up 0.7% after reiterating its full-year distribution guidance.
Generally weaker commodity prices failed to hurt the mining giants; BHP climbed 1.4% and Rio Tinto advanced 1%.
Brambles was one of the market's best performers (+4.4%) following plans to divest its Recall division.
The ASX 200 added 57 points (+1.3%), settling at 4304.
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