Australian Stock Report - Market Pulse
Evening Market Analysis: Afternoon Fade
marketpulse
Publish date: Mon, 27 Feb 2012, 05:32 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.
Evening Market Analysis: Afternoon Fade
Aussie shares finished lower today, following mixed leads from overseas markets on Friday night.
Almost all the sectors closed in the red, with the exception being utilities.
The big four banks outperformed the overall market but were still weaker on the day. ANZ and CBA were the worst, down 0.5% each.
The mining majors weighed on the market; Rio Tinto lost 1%, while rival BHP dropped 2% after going ex-dividend.
Roc Oil climbed 2.6% after announcing a FY11 profit of US$27.7 million, which compared favourably to a loss of US$35.9 million in FY10. The results beat analyst expectations.
Beach Energy declined 5.4% after posting a 1H FY12 profit of $56 million, a swing from an $88 million loss from the previous correspond period. The results fell short of analyst expectations.
The ASX 200 sank 39 points (-0.9%), to close at 4267.
Click to Receive FREE Daily Trading Recommendations!
Evening Market Analysis: Afternoon Fade 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....
