Australian Stock Report - Market Pulse
Evening Market Analysis: October 10
marketpulse
Publish date: Mon, 10 Oct 2011, 05:01 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 has extended its rally following yesterday's agreement by Germany and France to recapitalise Europe's lenders.
Energy stocks were again the session's strongest performers; Woodside put on 1.3% and Santos rose 2.6%.
Extract soared 10.2% amid reports major shareholder, Kalahari, is being sought out by China Guangdong Nuclear Power.
The mining giants were mixed, with BHP shedding 0.3% and Rio Tinto adding 1.5%.
All four big banks added to last week's gains; Westpac was the strongest of the lot, up 2.2%.
The ASX 200 advanced 38 points (+0.9%), settling at 4201.
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