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Evening Market Analysis: Soft Close

Evening Market Analysis: Soft Close

Aussie shares fell today, following negative leads from international markets overnight.

The sectors closed mostly in the red, with energy, materials and industrial stocks the hardest hit.

Health care and IT stocks managed to record gains.

The big four banks were mixed on the day; ANZ (-0.2%) and NAB (-0.3%) both fell, whilst CBA (+0.3%) and Westpac (+0.1%) finished in positive territory.

The mining majors were weaker despite most commodity prices being up overnight.

BHP and Rio Tinto shed 1.4% and 1% respectively

South Boulder Mines dropped 13% after completing a $9.5 million capital raising via a share placement with North American investors.

Seven West Media plummeted 13.7% after confirming its FY12 guidance and announcing CEO David Leckie would step down from his role and will be replaced by former Woodside Petroleum CEO Don Voelte.

The ASX 200 let go of 15 points (-0.4%) to close at 4013.

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   Written by: marketpulse   Other posts from: marketpulse
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