Australian Stock Report - Market Pulse
Midday Market Analysis: Aussie Flat Today
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Publish date: Thu, 25 Oct 2012, 02:25 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 little changed so far today, after a mixed lead from international markets overnight. The XJO is presently up nine points (+0.2%), at 4515. Most sectors are stronger, with property, healthcare and telcos the best performers.
Conversely, materials, energy, and utilities are among the laggards. In company news, ANZ is down 0.7% despite reporting an FY12 cash profit of $6.01 billion, up 6.4% from the FY11 results.
Elsewhere, Wesfarmers has climbed 0.6% after announcing an increase in 1Q13 sales, with Coles posting a 4.9% rise on the previous corresponding quarter.
Around the region, Asian markets are stronger; the Hang Seng is up 0.2% whilst the Nikkei has risen 0.5%.
Midday Market Analysis: Aussie Flat Today is a post from: Australian Stock Report Market Pulse Blog
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