Australian Stock Report - Market Pulse
Midday Market Analysis: Morning Fade
marketpulse
Publish date: Fri, 20 Jan 2012, 01:45 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 enjoying another positive session so far today, albeit a modest one.
The local market continues to grind higher, currently sitting 20 points (+0.4%) above water, at 4235.
Energy and consumer discretionary plays are leading the sectors, whilst consumer staples and utilities are the laggards.
In company news, WorleyParsons is 2% stronger on the day, after announcing the awarding of a contract for the Shondoni mine development.
Around the region, Asian markets are all trading higher; the Hang Seng is 0.4% stronger whilst the Nikkei is enjoying a healthy 1.3% gain.
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