Australian Stock Report - Market Pulse

Evening Market Analysis: Positive Day, Negative Week

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Publish date: Sun, 17 Jun 2012, 02:34 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.

Evening Market Analysis: Positive Day, Negative Week

Aussie shares climbed higher today, despite a mixed night on international markets overnight.

At home the sectors finished mostly positive; IT, healthcare and consumer discretionary were the only exceptions.

The major banks closed the day mixed; ANZ declined 0.4%, while rival CBA recorded a 0.6% gain.

The big miners were stronger after a mostly positive night on commodity markets; BHP added 0.1% whilst rival Rio Tinto advanced 0.4%.

Silver Lake Resources jumped 4.3% after releasing positive drilling results from its Hollandaire project.

Duet Group was down 1% despite confirming its FY12 distribution guidance of 16 cents per security and also announcing it expects the FY13 distribution to be 16.5 cents per security.

The ASX 200 put on 15 points (+0.4%) to close at 4057.

For the week, the market lost 0.2%.

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Evening Market Analysis: Positive Day, Negative Week is a post from: Australian Stock Report Market Pulse Blog

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