Australian Stock Report - Market Pulse
Evening Market Analysis: September 29
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Publish date: Thu, 29 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 finished lower today but stocks managed to claw back earlier losses ahead of tonight's crucial vote in Germany regarding expanding Europe's bailout fund.
Most sectors ended today's session in the red, however resource stocks were among the worst performers; BHP lost 1.4% and Rio Tinto dropped 2.5%.
Gold stocks were weighed down by another sharp fall in bullion prices overnight; Medusa slumped 5.3% and Newcrest declined 2.7%.
The big four were mostly weaker, with ANZ shedding 0.8% and Westpac giving up 0.5%.
The ASX 200 fell 31 points (-0.8%), closing at 4008.
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