Australian Stock Report - Market Pulse
Midday Market Analysis: Bears in Control
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Publish date: Fri, 22 Jun 2012, 06:38 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: Bears in Control
The Aussie market is underwater so far today, weighed down by terrible leads from international markets last night.
The XJO is presently 45 points (-1.1%) in the red, with the index holding around 4045.
The losses are widespread, with nearly all sectors down; energy, materials and financials are the hardest hit.
In company news, Aquarius Platinum has plummeted 15.2% after last night announcing that it will half operations at its Everest mine in South Africa due to the mine becoming uneconomical.
Elsewhere, Integra has dropped 3.9% after announcing an increase in cash cost for the June quarter due to mechanical issues experienced at its mine.
Around the region, Asian markets are all weaker; the Hang Seng is off 1.1% whilst the Nikkei is down 0.5%
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
