Australian Stock Report - Market Pulse
Evening Market Analysis: Another Rough Day
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Publish date: Thu, 15 Nov 2012, 04:46 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 bounced a touch in the afternoon session, with the bulls clawing back 10 points.
The clear majority of sectors remained in the red however, with materials companies the hardest hit. Mining majors BHP (-1.8%), Rio Tinto (-1.8%) and Fortescue (-1%) all weighed.Other sectors hit hard were the IT and energy sectors.
Winners on the day included OM Holdings and Gindalbie Metals, each of which added 5%. At the other end of the spectrum, Energy World Corporation (-8.6%) and Mincor (-8.6%) bled the most.
The XJO ended the day down 39 points (-0.9%), at 4350.
Evening Market Analysis: Another Rough Day is a post from: Australian Stock Report Market Pulse Blog
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