Australian Stock Report - Market Pulse
Evening Market Analysis: August 18
marketpulse
Publish date: Thu, 18 Aug 2011, 05:17 PM
marketpulse
0 1,810
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 struggled today, weighed down by profit taking and the disappointing finish on Wall Street overnight.
Both of the mining giants lost ground; BHP shed 1.8% and Rio Tinto lost 1.5%.
All four of the big banks weakened; ANZ and Westpac gave up around 1% each.
Elsewhere in the financial sector, ASX slipped 0.3% after its full-year result matched expectations.
AMP was a bright spot, climbing 2.7% after its 1H11 underlying profit topped estimates.
Wesfarmers also beat analyst forecasts with its $1.9 billion profit. WES shares advanced 0.3%, although at one stage were up more than 3%.
The ASX 200 dropped 53 points (-1.2%), settling at 4251.
Click to Receive FREE Trading Recommendations for the next 7 Days!
Evening Market Analysis: August 18 is a post from: Australian Stock Report Market Pulse Blog
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on Australian Stock Report - Market Pulse
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Apps
Top Articles
1
2
#
Stock
Score
Daily Stocks
Stock
Last
Change
Volume
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
