Australian Stock Report - Market Pulse
Evening Market Analysis: Flat Aussie
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Publish date: Wed, 22 Aug 2012, 01:51 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: Flat Aussie
The Aussie market is little changed so far today, with the XJO currently five points (-0.1%) weaker, at 4380.
Most sectors are weaker with energy, utilities and materials plays the poorest performers.
Conversely, healthcare, consumer staples and IT stocks are the sectors holding the market up.
In company news Suncorp is up 3.2% after reporting an FY12 net profit of $724 million, up 60% from the prior year.
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Elsewhere Coca-Cola Amatil has climbed 1% after posting a 1H FY12 profit of $247.2 million, a 60.9% increase on last year's result.
Around the region, Asian markets are mainly weaker; the Hang Seng and Nikkei are down 0.9% each.
Evening Market Analysis: Flat Aussie is a post from: Australian Stock Report Market Pulse Blog
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