Australian Stock Report - Market Pulse
Midday Market Analysis: Trading Lower
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Publish date: Mon, 12 Mar 2012, 03:57 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 Aussie market is trading slightly lower heading to the afternoon session.
The ASX200 is currently down eight points (-0.2%), at 4204.
Midday Market Analysis: Trading Lower
Over half the sectors are in the red, with financials headlining the declines.
In company news, Alesco Corporation (ALS) is up over 10% after announcing the sale of its Parbury Decorative Surfaces business, as well as its small plastic mouldings business, Dekoform.
The sale price for the two businesses is approximately $4 million.
The key Asian markets are mixed, with the Nikkei up around 0.3% and the Chinese markets - the Hang Seng and Shanghai Composite - down less than 0.5% each.
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