Australian Stock Report - Market Pulse
Midday Market Analysis: Holding Up
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Publish date: Thu, 24 Nov 2011, 01:33 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 performing exceptionally well so far today, particularly in light of the terrible leads provide by international markets last night.
The XJO is 20 points (+0.5%) higher heading into the afternoon session.
Financials are the strongest performers, followed by consumer staples and materials.
Conversely, industrials and healthcare stocks are the hardest hit.
In company news, BlueScope is down 33% after coming back in line following its capital raising, whilst Murchison Metals is up a whopping 53% after divesting its stake in the Jack Hills mine.
Around the region, Asian markets are mainly weaker; the Hang Seng and Shanghai Composite are 0.7% weaker, whilst the Nikkei is off 1.4%.
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