Australian Stock Report - Market Pulse
Midday Market Analysis: Holding Up
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Publish date: Wed, 14 Dec 2011, 01:34 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 bearish leads provided by international markets last night, the Aussie market is holding up quite well so far today.
The XJO is trading flat into the after-lunch session, holding around 4190.
Utilities, consumer discretionary and IT stocks are the strongest performers, whilst the energy and materials sectors are the laggards.
In company news, Downer EDI (DOW) is up more than 5% after selling its CPG Asia business arm to a Chinese company for $147 million.
Around the region, Asian markets are mainly weaker with the Nikkei amongst the hardest hit, down 0.5%.
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