Australian Stock Report - Market Pulse

Midday Market Analysis: Quiet Morning

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Publish date: Tue, 14 Aug 2012, 01:37 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: Quiet Morning

The Aussie market is slightly in the green so far today, bucking the negative leads provided by international markets overnight.

The XJO is presently 10 points (+0.2%) stronger, at 4290.

Despite the minimal point gain, most sectors are in the green; healthcare, consumer discretionary and industrials are the best performers.

In company news Carsales has jumped 6.3% after reporting a full year net profit of $71.6 million, a 23% jump on last year's result.

Elsewhere Singapore Telecommunications is up 0.2% after announcing that its June quarter net profit was 945.3 million Singapore dollars, up 3.2% from the same quarter in 2011.

Around the region, Asian markets are mainly stronger; the Hang Seng is up 0.2% whilst the Nikkei is ahead 0.5%.

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Midday Market Analysis: Quiet Morning is a post from: Australian Stock Report Market Pulse Blog

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