The Australian market climbed modestly higher today, despite a mixed lead provided by international markets overnight.

The sectors were split evenly amongst winners and losers, with utilities and telcos holding up the market. Conversely, energy and industrial stocks were the weakest links.

The big four banks all finished above water, with CBA (+0.7%) and ANZ (+0.6%) the best of the group. The mining majors were mixed as were commodity markets overnight. BHP lost 0.1%, whilst rival Rio Tinto recorded a 0.3% gain.

Webjet was one of the worst performers on the day, plummeting 15%, after releasing FY13 market guidance which failed to impress. CSR jumped 7.1%, after reporting a 60% slump in first half profit, which was better than the market expected.

The ASX 200 added nine points (+0.2%) to settle at 4388.

Evening Market Analysis: Modest Gains is a post from: Australian Stock Report Market Pulse Blog