Australian Stock Report - Market Pulse

Evening Market Commentary: Afternoon Bounce

marketpulse
Publish date: Wed, 04 Apr 2012, 06:08 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: Afternon Bouce

Aussie shares finished slightly behind today, after a poor night on US and European markets overnight.

A majority of sectors closed in positive territory; however losses in materials and energy capped overall market gains.

The major banks were mostly stronger; with ANZ (+0.1%), NAB (+0.7%) and Westpac (+1.4%) all advancing. CBA was the only exception, losing 0.3%.

Insurer QBE closed up 3.4% after revealing its gross written premiums are expected to rise by more than 7% in 2012 to $4.6 billion.

The big miners were a drag on the market amid weaker commodity prices; BHP dropped 1.3%, whilst rival Rio Tinto let go of 0.6%.

The ASX 200 shed three points (-0.1%) to close at 4334.

Receive Daily FREE Trading Recommendations, click now.

Evening Market Commentary: Afternoon Bounce is a post from: Australian Stock Report Market Pulse Blog

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment