Australian Stock Report - Market Pulse
Midday Market Analysis: Flat So Far
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Publish date: Mon, 14 May 2012, 02:20 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: Flat So Far
The Aussie market is flat so far today, with the XJO holding around 4290.
The sectors are fairly evenly balanced between winners and losers, with consumer discretionary and healthcare stocks the best performers, whilst materials and energy are the weakest links.
In company news, DLX is down 0.3% after announcing a $47.9 million 1H FY12 profit, a 1.6% decline on the previous corresponding half.
Elsewhere, PDN has dropped 1.8% after informing the market that it has been hit by a strike at its Malawi operations.
In economic news, home loans rose 0.3% in March, following a 2.5% decline in February, according to the Australian Bureau of Statistics.
Economists polled had predicted a 2% fall for the month.
Around the region, Asian markets are mainly weaker; the Shanghai Composite is off 0.2% whilst the Nikkei and Hang Seng are slightly softer.
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