Australian Stock Report - Market Pulse
Evening Market Analysis: Aussie Holds onto Gains
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Publish date: Mon, 06 Feb 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 jumped higher today following a collective rally on overseas markets on Friday night.
Most sectors finished in positive territory, with health care and utilities being the only exceptions.
The big four helped the market finish higher; Westpac and NAB were the best of the four, climbing 1.2% and 1.8% respectively.
Mining majors outperformed the general market, buoyed by stronger commodity prices; BHP gained 1.6%, Rio Tinto advanced 2.6% and smaller rival Fortescue soared 5.7%.
The ASX 200 added 45 points (+1.1%), to close at 4296.
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