The Aussie market is firmly in the red today, with local traders ignoring the positive leads provided by international markets last night.

The XJO is presently 35 points (-0.9%) underwater, at 4078.

The losses are widespread, with all but one sector in the red; energy, materials and industrials are the hardest hit, whilst utilities are the lone rangers in the green.

In company news, Wesfarmers is down 1.1% despite announcing sales growth at its Bunnings and Officeworks stores.

Elsewhere, Programmed has jumped 4.4% after reporting a FY12 net profit of $31.2 million, a 41% increased on the FY11 result.

Around the region, Asian markets mainly weaker; the Hang Seng is down 2.1% whilst the Nikkei is 1% weaker.

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Midday Market Analysis: Underwater Aussie is a post from: Australian Stock Report Market Pulse Blog