Australian Stock Report - Market Pulse
Midday Market Analysis: TAKING PROFITS
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Publish date: Fri, 27 Jan 2012, 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.
The Aussie market is faring quite well so far today, shrugging of the soft close on the Street last night.
The local market is playing catch-up after yesterday's Australia Day holiday and currently sits 40 points (+1%) above water, at 4314.
Most sectors are in positive territory, with materials and industrials leading the charge higher, whilst IT and consumer discretionary stocks are the laggards.
In company news, Resmed is enjoying a strong session, currently more than 7% higher after reporting better than expected second quarter net profit.
Around the region, all Asian markets are trading higher on the day; the Hang Seng is 0.3% stronger whilst the Nikkei is up 0.1%.
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