Australian Stock Report - Market Pulse
Evening Market Analysis: September 30
marketpulse
Publish date: Fri, 30 Sep 2011, 05:05 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 flat today, with investors opting for caution amid ongoing economic uncertainty in Europe and the US.
The big miners were modestly weaker, with BHP slipping 0.1% and Rio Tinto dropping 1%.
Fortescue declined 0.7% despite reporting strong September quarter production numbers.
A rebound in oil prices lifted the energy majors; Woodside climbed 1.1% and Origin Energy rose 1.6%.
CBA was the sole member of the big four to strengthen (+0.1%). Westpac fell 1% and ANZ dipped 0.3%.
The ASX 200 remained at 4008.
The market was up 2.7% over the past five sessions, reversing part of last week's heavy falls.
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