Australian Stock Report - Market Pulse
Evening Market Analysis: Market Edges Higher
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Publish date: Wed, 24 Oct 2012, 09:31 AM
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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 markets edged higher today, after a mixed night on international markets overnight.
The sectors finished evenly split amongst winners and losers with telcos and property stocks leading the way higher. Conversely, IT and energy stocks were the worst performing.
The big four banks were mostly stronger with CBA (+0.8%) gaining the most ground of the group. NAB was the only one of the four to close in the red, losing 0.1%.
The major miners advanced despite a fall in commodity prices. BHP, Rio Tinto and Fortescue added 0.3%, 0.1% and 1.7% in that order.The ASX 200 put on two points (+0.1%) to settle at 4543.
Evening Market Analysis: Market Edges Higher is a post from: Australian Stock Report Market Pulse Blog
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