Australian Stock Report - Market Pulse

Evening Market Analysis: Strong Finish

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Publish date: Thu, 19 Jul 2012, 06:28 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: Strong Finish

The Australian market stormed higher today, following a positive lead provided by international shares.

All the sectors finished well in the green, with energy and material stocks the standout performers.

The banking majors all gained ground; NAB put on 1.3%, whilst ANZ was up 1.2%.

The big miners advanced on back of strong commodity prices; BHP added 3.1% whilst rival Rio Tinto advanced 1.1%.

Santos climbed 5.9% after reporting that 2Q revenue rose 18% on year to $739 million.

Also in the energy space, Woodside Petroleum soared 7.6% after recording 2Q revenue of $1.43 billion, a 14% rise on previous corresponding period.

Seven West Media plummeted 10.5%, resuming from a trading halt after its recent capital raising.

The ASX 200 soared 83 points (+2%) to settle at 4207, its highest close in over two months.

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Evening Market Analysis: Strong Finish is a post from: Australian Stock Report Market Pulse Blog

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