Australian Stock Report - Market Pulse
Evening Market Report: August 25
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Publish date: Thu, 25 Aug 2011, 05:25 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.
Positive corporate earnings and a strong lead from Wall Street triggered solid gains on the Aussie market today.
Rio Tinto advanced 1.2%, whilst BHP rose 1.1% on yesterday's record profit result.
Among the airlines, Virgin Blue rocketed almost 15% after forecasting an improved FY12.
Toll was another star performer (+8.6%) on the back of its reassuring FY11 profit result.
Elsewhere in the industrials space, Transfield plunged 22.3% following its FY12 guidance downgrade.
Woolworths also struggled badly (-5.6%) on the back of its subdued FY12 outlook.
The ASX 200 added 45 points (+1.1%), settling at 4213.
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Ride The Bull Short The Bear
CS Tan
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