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Stock Analysis

Midday Market Analysis: Quiet Morning

3rd Feb 2012

Midday Markets Analysis: Quiet Morning|Midday ASX NewsThe Aussie market is slightly underwater heading into the afternoon session, currently eight points underwater at 4260.

The sectors are fairly evenly balanced with industrials, IT and energy plays the best, whilst consumer staples, utilities and healthcare struggling.

There isn’t a great deal of important company news affecting the market, although Lynas is 7% weaker with traders seemingly taking some profit off the table after yesterday’s strong move higher.

Around the region, Asian markets slightly weaker; the Hang Seng and Nikkei are off 0.2% each.

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