Australian Stock Report - Market Pulse

Midday Market Analysis: August 25

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Publish date: Thu, 25 Aug 2011, 01:38 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 trading more than 1% higher so far today, with local bulls running with the bullish leads provide by Wall Street overnight.

Nearly all sectors are in positive territory, with energy and healthcare plays leading the way. Only consumer staples are showing a loss.

There have been a host of company results and announcements today, including

Woolworths reporting worse-than-expected profit and a gloomy outlook, with the stock down approximately 5% on the news

Iluka reporting a first-half net profit of $145.9 million, with the stock trading more than 6% higher

Leighton Holdings' CEO stepping down after just eight-months in the job, with LEI trading more than 3% lower

Transfield reporting a $19.7 million net loss, with the stock trading as much as 30% lower at one point

Around the region, Asian markets are all trading higher with the Shanghai Composite up 1%, and the Hang Seng and Nikkei up 1.5% each.

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