Australian Stock Report - Market Pulse
Midday Market Commentary: Modest Gains
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Publish date: Fri, 02 Mar 2012, 03:01 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 XJO is faring reasonably well so far today, currently 15 points (+0.4%) above water at 4270.
The gains are widespread with nearly all sectors in positive territory.
The telco, healthcare and industrials plays are the best in show, whilst the energy sector is the only one underwater.
There isn't much company news today but Iluka (+5%) and Aquila (+4%) head up the top 200 leaderboard, whilst APN News (-4%) and Linc Energy (-3.5%) are the worst performers.
Around the region, Asian markets all stronger; the Hang Seng (+1%) and Nikkei (+0.5%) are amongst the best.
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