Australian Stock Report - Market Pulse
Midday Market Analysis: Quiet Morning
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Publish date: Wed, 30 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 holding above water heading into the afternoon session, currently trading 10 points higher (+0.3%), at 4115.
Despite the modest gains nearly every sector is in positive territory with healthcare, energy and industrials leading the way.
In company news, Aquila Resources (AQA) is one of the stronger performers on the day, up 4.5% after announcing it will issues bonus stock to shareholders and that it has received approval from a federal government department for a major iron ore project.
Around the region, Asian markets are mainly weaker; the Hang Seng and Nikkei are off approximately 0.8% each.
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