Australian Stock Report - Market Pulse
Evening Market Commentary: Quiet Day
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Publish date: Thu, 15 Mar 2012, 05:35 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 Commentary: Quiet Day
The Australian market ended slightly lower today, after a lacklustre night on international markets.
The sectors closed mixed, with materials, energy and consumer staples the biggest losers.
The big four banks supported the market, with all but Westpac (-0.1%) finishing in positive territory.
NAB and CBA were the best of the bunch, up 0.3% and 0.4% respectively.
The major miners were a drag, hurt by substantially weaker commodity prices overnight. BHP dropped 1.2%, whilst rival Rio Tinto declined 0.6%.
Goodman Group climbed 2.9% after ratings agency Moody's upgraded the company’s credit rating as well as its changing its outlook to ‘stable’.
The ASX 200 let go of nine points (-0.2%), to settle at 4278.
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