Australian Stock Report - Market Pulse

Evening Market Analysis: Soft Close

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Publish date: Tue, 19 Jun 2012, 05:18 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: Soft Close

Aussie shares fell today, after a lacklustre lead from international markets overnight.

Sectors finished mostly in the red, with energy stocks the hardest hit on the back of weak oil prices.

Health care and consumer staples were the only segments to close in positive territory.

Financial stocks were mixed on the day; NAB was the best performer of the big four with a 0.6% rise, whilst ANZ was the laggard of the group down 0.6%.

The mining majors declined after a poor night for commodity prices; Rio Tinto and BHP were down 0.4% and 0.5% respectively.

Samson Oil and Gas has plummeted 34% after releasing an operational update which disappointed.

Unilife Corporation has jumped 5.3% after announcing it had signed a seven-year commercial supply contract with a pharmaceutical company for the ready-to-fill (prefilled) syringe.

The ASX 200 shed 14 points (-0.3%) to close at 4123.

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Evening Market Analysis: Soft Close is a post from: Australian Stock Report Market Pulse Blog

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