Australian Stock Report - Market Pulse
Midday Market Analysis: Treading Water
marketpulse
Publish date: Wed, 15 Feb 2012, 01:54 PM
marketpulse
0 1,810
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 slightly underwater heading into the afternoon session, currently 10 points (-0.2%) weaker, at 4235.
The sectors are fairly evenly balanced between winners and losers, with material stocks the hardest hit and telcos and financials the better performers.
In company news OZ Minerals announced a full year profit of $274.5 million, a 53% drop in profit compared to the $586.9 million in 2010.
Elsewhere, Westfield Group revealed a full year 2011 profit of $1.53 billion, a 37.5% rise on the previous corresponding period, slightly ahead of analyst expectations.
Around the region, Asian markets are mixed; the Hang Send (+0.3%) and Nikkei (+1.3%) are stronger, whilst the Shanghai Composite (-0.3%) is weaker.
Click Now to Receive FREE Trading Recommendations!
Midday Market Analysis: Treading Water is a post from: Australian Stock Report Market Pulse Blog
More articles on Australian Stock Report - Market Pulse
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Apps
Top Articles
1
2
#
Stock
Score
Daily Stocks
Stock
Last
Change
Volume
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
