Australian Stock Report - Market Pulse

Evening Market Analysis: Negative Close

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Publish date: Wed, 15 Aug 2012, 04:39 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.

Aussie shares ended lower today, after a mostly subdued session on international markets overnight.

At home the sectors finished evenly split between winners and losers. IT and healthcare were the best performers while materials and utilities were the laggards.

The big four banks closed mixed on the day; ANZ (-0.6%) and NAB (-1.8%) lost ground, whilst Westpac (+0.1%) finished above water.

CBA advanced 0.9% after reporting a full-year cash profit of $7.11 billion, up 4% from the previous year. The result was mostly in-line with analyst estimates.

Evening Market Analysis: Negative Close

The mining majors declined after a mostly weaker night on commodity markets. BHP and Rio Tinto lost 1% and 2.5% respectively.

OZ Minerals plummeted 6.9% after posting a 1H FY12 net profit of $119.5 million, a 4.9% rise on the prior corresponding half.

Elsewhere, Primary Health Care soared 12% after announcing a 2012 NPAT of $116.6 million, a massive 49% increase on the previous corresponding period.

The ASX 200 shed 11 points (-0.3%) to settle at 4281.

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

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