Australian Stock Report - Market Pulse
Midday Market Analysis: October 25
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Publish date: Tue, 25 Oct 2011, 01:46 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.
Despite the positive leads provided by the Street overnight, the Aussie market is slightly underwater heading into the afternoon session.
Most sectors are in negative territory, with healthcare and IT the hardest hit.
In company news, Billabong (BBG) is up more than 7% on the day following the release of figures showing a 6% increase in 1Q sales revenue.
Elsewhere, Resmed (RMD) has slumped as much as 13% after the company's 1Q sales came in below expectations.
Around the region, Asian markets are mixed; the Hang Seng is up 0.5% whilst the Nikkei is down 0.3%.
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Midday Market Analysis: October 25 is a post from: Australian Stock Report Market Pulse Blog
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