Australian Stock Report - Market Pulse
Evening Market Analysis: Quiet Day
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Publish date: Mon, 05 Mar 2012, 05:04 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.
Evening Market Analysis: Quiet Day
The Australian market retreated today, after a quiet night on overseas markets on Friday.
The majority of sectors closed in the red. Materials were the worst performers on the day after a soft night for commodities last week.
Mining majors underperformed the general market; BHP declined 0.8%, Rio Tinto declined 1.3% whilst smaller rival Fortescue let go of 0.2%.
In the energy space, Santos and Woodside both fell by 0.7%.
The big four banks held up well despite the general market weakness.
ANZ and NAB were the best of the four, climbing 0.3% and 0.9% respectively.
The ASX 200 retreated 10 points (-0.2%), settling at 4263.
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