Australian Stock Report - Market Pulse
Midday Market Analysis: August 29
marketpulse
Publish date: Mon, 29 Aug 2011, 01:43 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 has started the new trading week on a positive note, running with the positive leads provided by Wall Street on Friday night.
Every sector is trading higher, with healthcare, IT, utilities and financials leading the way.
In company news, Northern Energy (NEC) is trading 30% higher on the day after New Hope Corporation (NHC) announced a $2 per share takeover offer.
Around the region, Asian markets are mostly stronger with the exception of the Shanghai Composite.
The Hang Seng is up 1.3% whilst the Nikkei is up 0.5%. Shanghai is down 1.3%.
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