Evening Market Analysis: Positive Day, Negative Week
17th Jun 2012
Evening Market Analysis: Positive Day, Negative Week
Aussie shares climbed higher today, despite a mixed night on international markets overnight.
At home the sectors finished mostly positive; IT, healthcare and consumer discretionary were the only exceptions.
The major banks closed the day mixed; ANZ declined 0.4%, while rival CBA recorded a 0.6% gain.
The big miners were stronger after a mostly positive night on commodity markets; BHP added 0.1% whilst rival Rio Tinto advanced 0.4%.
Silver Lake Resources jumped 4.3% after releasing positive drilling results from its Hollandaire project.
Duet Group was down 1% despite confirming its FY12 distribution guidance of 16 cents per security and also announcing it expects the FY13 distribution to be 16.5 cents per security.
The ASX 200 put on 15 points (+0.4%) to close at 4057.
For the week, the market lost 0.2%.
Click Now for FREE Trading Recommendations
Stumble Upon
Del.icio.us
Buzz
Written by: marketpulse
Other posts from: marketpulse
Posted in Evening, Market Analysis
No Comments »
