Australian Stock Report - Market Pulse
Evening Market Analysis: Strong Start,Strong Finish
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Publish date: Tue, 19 Jun 2012, 02:05 AM
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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: Strong Start,Strong Finish
The Australian market started the new trading week on an extremely strong note, following a positive lead from international shares on Friday night.
Amongst the sectors all but utilities finished above water, with materials and energy the standout performers.
The banking majors all strengthened; NAB put on 3.1%, whilst ANZ was up 2.4%.
The big miners advanced mostly as the result of a favourable outcome in the Greek elections.
BHP added 2.5% whilst rival Rio Tinto climbed 4.6%.
Rare earths miner, Lynas Corp, jumped 6.3% after a bid to block the company building a processing plant in Malaysia was dismissed.
Fairfax surged 7.4% after announcing job cuts and a paywall for some of its news websites.
The ASX 200 soared 80 points (+2%) to close at 4137.
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Evening Market Analysis: Strong Start,Strong Finish is a post from: Australian Stock Report Market Pulse Blog
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