Australian Stock Report - Market Pulse
Midday Market Analysis: Modest Gains
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Publish date: Fri, 12 Oct 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.
The Aussie market is enjoying very modest gains today on the back of the mostly positive leads provided by international markets overnight.
The XJO is presently eight points stronger, holding around 4395. The sectors are mixed evenly between winners and losers, with a strong gain in the materials sector driving the overall market higher.
Conversely, healthcare, utilities and IT are the weakest links. In company news, Billabong has plummeted over 16% after announcing the highly speculated withdrawal of the takeover bid from private equity firm TPG.
Around the region, Asian markets are higher; the Shanghai Composite (+1.3%) and Hang Seng (+0.8%) are both enjoying solid gains.
Midday Market Analysis: Modest Gains is a post from: Australian Stock Report Market Pulse Blog
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