Australian Stock Report - Market Pulse
Midday Market Analysis: October 28
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Publish date: Fri, 28 Oct 2011, 01:50 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.
In the context of the huge gains we saw on markets last night, the Aussie market has produced fairly muted gains so far today.
The XJO is currently 0.2% stronger, trading around 4355 off a high of 4418.
The gains are fairly widespread, with most sectors in positive territory; IT and financials are the strongest performers.
Big gainers on the day include PMP Limited (PMP) which is up 20% and Murchison Metals (MMX) which is 7% stronger.
Around the region, Asian markets are outperforming the Aussie market; the Hang Seng is up 2.4% whilst the Shanghai Composite and Nikkei are up approximately 1.5% each.
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