Australian Stock Report - Market Pulse
Midday Market Analysis: September 30
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Publish date: Fri, 30 Sep 2011, 01:22 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.
After starting the session reasonably well and pushing into a high of 4035, the Aussie market has rolled over to currently be trading around 3990.
Most sectors are underwater with healthcare, IT and financials the hardest hit, whilst energy, telco and utility plays are the best performers.
In company news, Goodman Fielder has slumped more than 20% so far today after announcing an institutional capital raising at 45c per share.
Around the region, Asian markets are mixed; the Hang Seng is down 1.6% whilst the Shanghai Composite is 0.2% weaker, whilst the Nikkei is up 0.3%.
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Midday Market Analysis: September 30 is a post from: Australian Stock Report Market Pulse Blog
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