Australian Stock Report - Market Pulse
Midday Market Analysis: Rejecting Resistance
marketpulse
Publish date: Mon, 14 Nov 2011, 01:53 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 strong leads provided by international markets on Friday night, the Aussie market has recorded only modest gains so far today.
The gains are widespread, with nearly all sectors in the green; industrial and energy plays are the best performers.
In company news, Orica (ORI) is down close to 3% after releasing its annual reports and business overview to the market.
Big movers for the day include AWE (+8.5%) and Spotless Group (+6.5%).
Around the region, Asian markets are all trading higher; the Hang Seng (+2.2%) and Nikkei (+1.5%) are the best performers.
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