• Visit Website
Stock Analysis
Midday Market Analysis: Aussie Underwater

Midday Market Analysis: Aussie Underwater

The Aussie market is slightly weaker so far today, with the local bulls finding little direction from the leads provided by international markets last night.

The XJO is 15 points (-0.3%) underwater, presently trading around 4125.

The losses are fairly widespread, with most sectors underwater; energy, IT and consumer discretionary stocks are the weakest links.

Conversely, defensive healthcare and consumer staples stocks are the strongest performers.

In company news Unilife Corporation has jumped 4.6% after announcing it had signed a seven-year commercial supply contract with a pharmaceutical company for the ready-to-fill (prefilled) syringe.

Elsewhere Samson Oil and Gas has plummeted 32.9% after releasing an operational update which disappointed.

Around the region, Asian markets are mainly weaker; the Hang Seng is down 0.2% whilst the Nikkei is off 0.3%

To Access FREE Daily Trading Recommendations, Click Here!



   Written by: marketpulse   Other posts from: marketpulse
7 day free trial



asx-share-price

To start your Free 7 day trial please complete your details below

* required fields

IMPORTANT: an activation code will be sent via SMS, please enter your preferred mobile number



Disclaimer: The content of this blog does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs. Before acquiring or using any of Australian Stock Report's products, you should obtain and consider our Financial Services Guide. Australian Stock Report Ltd (ACN 106 863 978 106 863 978) is licensed as an Australian Financial Services Licensee pursuant to section 913B of the Corporations Act 2001. AFS Licence 301682. Any content within this email remains the property of Australian Stock Report and should not be reproduced without the consent of Australian Stock Report
RSS Feed