Australian Stock Report - Market Pulse
Midday Market Analysis: September 27
marketpulse
Publish date: Tue, 27 Sep 2011, 01:30 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 flying today, buoyed by strong leads from international markets overnight.
The XJO is currently more than 100 points (+3%) to the good, with materials, financials and energy plays leading the charge higher.
Gold and silver stocks have bounced strongly after yesterday's rout, with Newcrest up close to 5% and Cobar Consolidated up more than 17%.
In company news, Bannerman Resources (BMN) has surged 20% after announcing that it plans to advance takeover talks with potential suitor Sichuan Hanlong Group in coming weeks.
Around the region, Asian markets are all trading higher with the Hang Seng (+2.7%) and Nikkei (+1.8%) the standouts.
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