Australian Stock Report - Market Pulse
Evening Market Analysis: Soft Afternoon
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Publish date: Mon, 23 Jan 2012, 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.
Aussie shares started the week in the red following mixed leads from international markets on Friday night.
An upcoming meeting between EU finance ministers and caution over a Greek debt restructure plan kept the pressure on local stocks, which failed to fire despite today's benign PPI reading.
All four big banks finished in the red, with Westpac shedding 1.1%.
The major miners were mixed; BHP lost 0.6% whilst rival Rio Tinto put on 0.5%
Copper explorer Discovery Metals was one of the biggest gainers on the day, soaring 8.4%.
AWE was another outstanding performer (+5.4%) after agreeing to buy two oil blocks offshore Indonesia.
The ASX 200 declined 15 points (-0.3%), settling at 4225.
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