Australian Stock Report - Market Pulse
Evening Market Analysis: Rough Day
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Publish date: Wed, 11 Apr 2012, 10:44 AM
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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: Rough Day
Aussie shares ended the day heavily in the red, after a horror night on overseas markets.
All sectors closed underwater, with IT and energy the hardest hit.
The big four banks were weaker; NAB was the worst performer losing 1.1%, whilst rival Westpac managed a relatively smaller decline of only 0.2%.
The mining majors weighed on the market amid falling commodity prices. Rio Tinto and BHP dropped 2.1% and 1.9% respectively.
Energy stocks Woodside and Santos both declined 1.9% on the back of weaker oil prices.
The ASX 200 tumbled 46 points (-1.1%) to settle at 4246.
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