Australian Stock Report - Market Pulse
Evening Market Analysis: Market Slightly Down
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Publish date: Thu, 11 Oct 2012, 05:23 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 market fell slightly today, after overseas shares provided a weak lead in overnight trading. The sectors closed mostly weaker with IT and materials the biggest drags on the market. Telco and utility stocks held up better than most.
The banking majors all gained ground, with Westpac the best performer of the group, adding 0.3%.
Weakness in overnight commodity prices saw the big miners finish in the red. BHP and Rio Tinto both fell 0.7%, whilst Fortescue dropped 2.3%. The ASX 200 shed seven points (-0.2%) to settle at 4484.
Evening Market Analysis: Market Slightly Down is a post from: Australian Stock Report Market Pulse Blog
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