Australian Stock Report - Market Pulse
Evening Market Analysis: Aussie Rises Sharply
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Publish date: Wed, 17 Oct 2012, 05:08 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 rose sharply today, following the positive lead provided by international markets overnight. Almost all of the sectors finished in positive territory with material stocks the clear standout performers.
The banking majors were mostly stronger, with ANZ, NAB and Westpac all finishing 0.7% higher. CBA (-0.2%) was the only one of the big four to not finish in positive.
All of the big miners enjoyed stellar gains, with BHP (+1.2%), Rio Tinto (+1.7%) and FMG (+5.7%) surging higher. The ASX 200 added 37 points (+0.8%) to settle at 4528, its highest close in since July 2011.
Evening Market Analysis: Aussie Rises Sharply is a post from: Australian Stock Report Market Pulse Blog
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