Australian Stock Report - Market Pulse
Midday Market Update: Buying the Dips = Winning
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Publish date: Fri, 14 Feb 2014, 01:58 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 enjoying another day of strong gains so far today.
The ASX 200 is presently up around 40 points (+0.8%) at 5348.
The gains are widespread, with every sector in the green; IT and healthcare stocks are the best performers, whilst financials are the laggards.
In economic news, the ABS has reported that the total value of owner occupied housing commitments excluding alterations and additions rose 1.0% in trend terms, but fell 1.5% in seasonally adjusted terms.
Personal finance commitments also fell by 1.1%.
Businesses are in greater debt, however with the value of total commercial finance commitments up by 1.9%, 4.5% in seasonal terms. Lease finance also increased by 0.9%.
Midday Market Update: Buying the Dips = Winning is a post from: Australian Stock Report Market Pulse Blog
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