Australian Stock Report - Market Pulse
Midday Market Analysis: Aussie Flat
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Publish date: Wed, 02 May 2012, 07:53 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.
Midday Market Analysis: Aussie Flat
The Aussie market is flat so far today, holding around 4430.
The index traded up to a high of 4445 but the bulls couldn't maintain the momentum and the index rolled over.
The sectors are fairly evenly balanced between winners and losers, with healthcare, IT and energy the strongest performers, whilst utilities, financials and telcos are the weakest links.
In company news, Brambles has jumped 3% after announcing that it is on track to meets its full year profit target of between US$1.05 billion and US$1.08 billion.
Elsewhere, APN News & Media is trading flat, after saying that it will review its media businesses in New Zealand due to receiving several approaches for the assets.
Around the region Asian markets are all trading higher; the Hang Seng and Shanghai Composite are 0.9% each, whilst the Nikkei is up 0.1%.
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