Australian Stock Report - Market Pulse
Evening Market Analysis: Can it Continue?
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Publish date: Thu, 01 Dec 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 flew higher today after the Dow Jones produced its biggest single session gain overnight since March 2009.
The news of extra liquidity being injected into the markets helped the big four put on strong gains. Westpac jumped 2.7% while NAB climbed 3.3%.
In the mining sector Rio Tinto rocketed 4.7%, while rival BHP advanced 4.1%.
Iron ores miners Fortescue and Mount Gibson Iron both enjoyed strong gains, jumping 5.7%, and 5.6%, respectively.
Paladin was the stand out of the energy sector, leaping 7.4% on the day.
Drilling services provider Boart Longyear soared 10.1% after it flagged a possible increase in 1H earnings.
The ASX 200 soared 109 points (+2.6%) to close at 4229.
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Evening Market Analysis: Can it Continue? is a post from: Australian Stock Report Market Pulse Blog
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