Australian Stock Report - Market Pulse
Evening Market Analysis: September 7
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Publish date: Wed, 07 Sep 2011, 05:17 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 recovered strongly from its recent slide, buoyed by bargain hunters and a better-than-expected GDP result.
Financials led the session's advance, with ANZ the best performer (+4%) among the big four.
Macquarie had a positive day despite announcing another profit downgrade. The investment bank closed up 1.6%.
BHP and Rio Tinto drove the materials sector higher; both put on more than 3%.
Stronger oil prices lifted the energy majors; Santos climbed 3.8% and Woodside advanced 0.5%.
The ASX 200 soared 108 points (+2.7%), settling at 4183.
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Evening Market Analysis: September 7 is a post from: Australian Stock Report Market Pulse Blog
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