Australian Stock Report - Market Pulse
Evening Market Analysis: Aussie Gains Ground
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Publish date: Fri, 19 Oct 2012, 05:02 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 gained ground today, despite a mixed lead from international markets overnight.
At home the sectors close mostly positive, with IT and telcos leading the charge higher. Financials were the biggest drag on the market, not helped by NAB's 2.7% slump.
The rest of the big four didn't fare much better, with CBA (-0.4%), ANZ (-1.1%) and Westpac (-1.5%) all weakening. The mining majors continued their run higher on the back of stronger commodities. BHP advanced 1.3% and Rio Tinto added 0.7%.
The ASX 200 put on 12 points (+0.3%) to settle at 4571. For the week the index surged 1.9%.
Evening Market Analysis: Aussie Gains Ground is a post from: Australian Stock Report Market Pulse Blog
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