Australian Stock Report - Market Pulse
Evening Market Analysis: Another Quiet Day
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Publish date: Wed, 22 Aug 2012, 05:05 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.
The Australian sharemarket edged lower today.
The sectors closed mostly weaker with telcos and energy bearing the brunt of the selling. Health care and IT stocks held up reasonably well.
BHP and Rio Tinto fell 0.3% and 0.6% respectively, despite BHP reporting a slightly better-than-expected full-year underlying profit.
The big four banks finished mixed on the day; CBA (-0.8%) and NAB (-0.4%) ended lower, ANZ was flat, and Westpac (+0.1%) closed in positive territory.
Suncorp finished 0.7% higher after reporting an FY12 net profit of $724 million, up 60% from the prior year.
Seek jumped 6.4% after reporting a net profit of $131.7 million, a 34.8% increase on the prior year.
The ASX 200 shed eight points (-0.2%) to close at 4376.
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Evening Market Analysis: Another Quiet Day is a post from: Australian Stock Report Market Pulse Blog
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