Australian Stock Report - Market Pulse
Midday Market Analysis: Weaker At Noon
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Publish date: Mon, 08 Oct 2012, 02:43 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.
Despite the mostly stronger lead provided by global markets on Friday night, Aussie shares are slightly underwater so far today. The XJO is presently down 14 points (-0.3%) at 4479.
Most sectors are weaker, with utilities, IT, and property stocks the weakest links. Conversely, telcos, health care and industrials are the strongest performers. In company news, Aquarius Platinum is down 2.7% after announcing that CEO Mr Stuart Murray has resigned.
Elsewhere QR National has jumped 5% after announcing it has signed an agreement with Queensland Treasury Holdings to buy back $1 billion worth of shares at $3.47 a share. Around the region, Asian markets are lower with the Hang Seng down 0.7%.
Midday Market Analysis: Weaker At Noon is a post from: Australian Stock Report Market Pulse Blog
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