Australian Stock Report - Market Pulse
Evening Market Analysis: Quiet Day
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Publish date: Mon, 07 Nov 2011, 05:18 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 Australian market fell slightly today, even though Greece secured a deal to form a national unity government.
As part of the deal, Greek Prime Minister George Papandreou was reportedly set to step down, which would allow the new government to accept the next tranche of bailout money.
The banks had a mixed day with ANZ rising 0.8%. Westpac fell 4.4% after going ex-dividend.
In the mining space, BHP lost 0.7% and Rio Tinto gave up 1.7%.
Computershare was day's big gainer, soaring 15.6% after U.S regulators approved their takeover of BNY Mellon' Investor Services Business.
The ASX 200 fell seven points (-0.2%) closing at 4273.
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