Australian Stock Report - Market Pulse
Midday Market Analysis: Flat Aussie
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Publish date: Fri, 20 Jul 2012, 02:24 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: Flat Aussie
The Aussie market is flat so far today, with the XJO up just four points, at 4210.
Telcos and energy stocks are the strongest performers, whilst consumer staples and IT stocks are the weakest links.
In company news Elemental Minerals has jumped 3.7% after releasing some positive drilling results at its Kola deposit.
Elsewhere, Ten Network Holdings is up 1% after announcing that it has sold its outdoor advertising business EYE Corp to Champ Private equity for approximately $145 million.
Around the region, Asian markets are mixed; the Hang Seng is up 0.1% whilst the Shanghai Composite (-0.3%) and Nikkei (-0.3%) are weaker.
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