Australian Stock Report - Market Pulse
Midday Market Analysis: Solid Aussie
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Publish date: Mon, 29 Oct 2012, 01:41 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.
The Aussie market is performing reasonably well so far today, despite the lacklustre leads provided by international markets on Friday night. The XJO is presently 20 points (+0.5%) in the green, holding around 4490.
Most sectors are in the green, with utilities leading the way, followed by energy and industrial stocks. At the other end of the scale, healthcare and financials are the weakest performers.
In company news, PanAust is up 1.7% after announcing that it is on track to meet its FY13 target production of about 64,000t copper, 135,000oz gold and 650,000oz silver.
Elsewhere, GPT Group has advanced 1.4% after reaffirmed its upgraded guidance of at least 7% earnings per security growth. Around the region, Asian markets are little changed, the Hang Seng, Shanghai Composite and Nikkei have all moved less than one-third of a percent.
Midday Market Analysis: Solid Aussie is a post from: Australian Stock Report Market Pulse Blog
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