Australian Stock Report - Market Pulse
Evening Market Analysis: Aussie Holds onto Gains
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Publish date: Thu, 02 Feb 2012, 05:08 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 jumped higher today, following a collective rally in overseas markets overnight.
All sectors ended in positive territory with the exception of Health Care, which was weighed down by a 1.3% fall in CSL.
The big four were stronger on the day; CBA and ANZ both put on 0.4%.
The major miners outperformed the general market amid higher commodity prices. Rio soared 2.9% while rival BHP put on 1.9%.
Lynas was the big gainer amongst the top 200, surging 19.1% after it announced the approval of a temporary operating licence for its plant in Gebeng Malaysia.
Wesfarmers was up 0.6% after its 2Q12 sales result showed Coles total sales of $9.4 billion, a 6.7% rise on the previous corresponding quarter.
The ASX 200 strengthened 42 points (+1%), to close at 4268.
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Evening Market Analysis: Aussie Holds onto Gains is a post from: Australian Stock Report Market Pulse Blog
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