Australian Stock Report - Market Pulse
Evening Market Analysis: Aussie Shares Lower
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Publish date: Mon, 22 Oct 2012, 04:41 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.
Aussie shares ended lower today, following the horrid night on international markets on Friday. All the sectors finished in negative territory with material and healthcare stocks the hardest hit.
The big four banks were all down expect for ANZ (flat). NAB the worst performer of the group, dropping 0.8%. The mining majors weighed on the market as they factored in a steep decline during Friday's night session. BHP and Rio Tinto lost 0.9% and 2.4% respectively, whilst Fortescue dropped 2.1%.
The ASX 200 lost 30 points (-0.7%) to close at 4541, but did manage to climb off its low of 4523.
Evening Market Analysis: Aussie Shares Lower is a post from: Australian Stock Report Market Pulse Blog
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