Australian Stock Report - Market Pulse
Midday Market Analysis: Flat on the Day
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Publish date: Thu, 17 Nov 2011, 01:36 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 Aussie market is flat at lunchtime, holding around 4250.
Telco, materials, and healthcare plays are the strongest performers, whilst industrials, IT and consumer discretionary stocks are the hardest hit.
In company news, Platinum Australia is down 23% after being reinstated following a capital raising.
On the other end of the spectrum, James Hardie (JHX) is up more than 5% in solid 2Q results.
Elsewhere, shares in Nathan Tinkler's mining company Aston Resources were down as much as 11% at one stage following a shakeup of the board.
Around the region, Asian markets are all weaker; the Hang Seng is down 1.4% whilst the Nikkei is down 0.3%.
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