Australian Stock Report - Market Pulse
Evening Market Analysis: October 19
marketpulse
Publish date: Wed, 19 Oct 2011, 04:57 PM
marketpulse
0 1,810
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 strengthened today, following on from last night's surge on Wall Street.
The rebound was sparked by news reports that French and German leaders were looking to beef up the European bailout fund to 2 trillion euros.
Financials drove today's advance with the big four rising more than 1% each. NAB outperformed its rivals, up 1.5%.
BHP ended flat following a mixed 1Q production report, whilst Rio Tinto fell 1.8% amid plans to ramp up the development of its Simandou iron ore project in Guinea.
Elsewhere in the resources space, Gunns shot up another 9.3% after confirming it is still in discussions to sell off its pulp mill.
In the healthcare sector, CSL climbed 1.1% amid plans for a $900 million share buyback.
The ASX 200 added 27 points (+0.6%), closing at 4214.
Click to Receive FREE Trading Recommendations for the next 7 Days!
Evening Market Analysis: October 19 is a post from: Australian Stock Report Market Pulse Blog
More articles on Australian Stock Report - Market Pulse
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Latest Videos
Apps
Top Articles
1
CEO Morning Brief
#
Stock
Score
Daily Stocks
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
