Australian Stock Report - Market Pulse

Evening Market Analysis: Defiant Aussie

marketpulse
Publish date: Thu, 19 Apr 2012, 04:51 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: Defiant Aussie

Australian shares climbed higher today, despite a disappointing night on international markets.

As a result of today's positive China developments, a majority of sectors finished in front; financials, IT, property and utilities were the exceptions.

The big four banks were mixed on the day. ANZ and NAB were up 0.2%, whilst rival Westpac lost 0.2%.

The mining majors were stronger, in spite of mixed commodity prices; BHP advanced 1.1%, while Rio Tinto put on 0.2%.

Telstra gained 0.9% after providing the market with an investor update, in which it confirmed earnings and dividend guidance for FY12.

The ASX 200 added 14 points (+0.3%) to settle at 4363, its highest close since early August 2011.

For FREE Daily Trading Recommendations, Click Now!

Evening Market Analysis: Defiant Aussie 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