Australian Stock Report - Market Pulse
Evening Market Analysis: Flat Week
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Publish date: Fri, 09 Nov 2012, 05:04 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 weakened slightly in the afternoon session, with the XJO closing 22 points (-0.5%) points weaker, at 4462.
The majority of sectors close in the red, with energy, financials and utilities the weakest links. At the other end of the spectrum, IT, healthcare and consumer discretionary stocks were the best performers.
At the heavy end of the market, mining giants BHP (-0.6%) and Rio Tinto (-1.1%) weighed. The banks split the pair, although the results were slightly distorted as NAB and WBC traded ex-div.
ANZ (+0.8%) and CBA (+1.1%) gained ground, whilst NAB (-4.3%) and WBC (-2.9%) lost ground. For the week the XJO added just two points.
Evening Market Analysis: Flat Week is a post from: Australian Stock Report Market Pulse Blog
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