Australian Stock Report - Market Pulse
Evening Market Analysis: September 15
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Publish date: Thu, 15 Sep 2011, 05:14 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 rebounded strongly today amid easing concerns Greece will default on its debt and be forced to leave the eurozone.
In a volatile session, stocks surged on the open before fading sharply. However a late rally saw the market reclaim most of its lost gains.
Energy stocks were the strongest performers; Woodside rose 3% whilst Beach Energy soared 7.3%.
The mining giants erased yesterday's losses; BHP added 2% and Rio Tinto advanced 1.5%.
All four big banks ended the session higher; ANZ put on 2.1% and NAB 2.4%.
In the retail space, Myer tacked on 1.9% despite a warning that FY12 earnings will be down on FY11's $159.7 million result.
The ASX 200 jumped 66 points (+1.7%), closing at 4072.
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