Australian Stock Report - Market Pulse

Evening Market Update: Afternoon Fade

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Publish date: Wed, 26 Feb 2014, 07:29 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 eked out a small gain today, with the major banks doing most of the heavy lifting.

NAB was the best performer of the big four, rising 1%. CBA added 0.3% and ANZ put on 0.2%.

The mining majors extended their declines, with BHP letting go of 1.3%, Rio Tinto shedding 2.4% and Fortescue dropping 2.7%.

WorleyParsons outperformed in the energy sector, soaring 10.6% after its FY14 earnings outlook wasn't as bad as the market had feared.

In the consumer space, Flight Centre jumped 3.2% after reporting a 14.1% climb in its 1H14 earnings.

The ASX 200 advanced three points (+0.1%) to 5437.

Evening Market Update: Afternoon Fade is a post from: Australian Stock Report Market Pulse Blog

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