Australian Stock Report - Market Pulse
Midday Market Analysis: Aussie Holding Up
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Publish date: Fri, 09 Nov 2012, 01:53 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 holding up reasonably so far today, in light of the poor leads provided by international markets last night.
The XJO is presently down 20 points (-0.5%), at 4461. Most sectors are weaker, with utilities, financials and energy the weakest links, whilst healthcare and IT are the strongest performers.
In company news, Emeco Holdings has tumbled as much as 16% after downgrading its 1H13 NPAT from $29.2 million to now be within a range of $23 million to $26 million.
Elsewhere, banking majors NAB and Westapc went ex-dividend today and are down around 4% each.
Around the region, Asian markets are mainly weaker; the Hang Seng (-0.6%) and Nikkei (-0.9%)are amongst the poorest performers.
Midday Market Analysis: Aussie Holding Up is a post from: Australian Stock Report Market Pulse Blog
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