• Visit Website
Stock Analysis
Midday Market Analysis: Underwater Aussie

Midday Market Analysis: Underwater Aussie

The Aussie market is firmly in the red today, with local traders ignoring the positive leads provided by international markets last night.

The XJO is presently 35 points (-0.9%) underwater, at 4078.

The losses are widespread, with all but one sector in the red; energy, materials and industrials are the hardest hit, whilst utilities are the lone rangers in the green.

In company news, Wesfarmers is down 1.1% despite announcing sales growth at its Bunnings and Officeworks stores.

Elsewhere, Programmed has jumped 4.4% after reporting a FY12 net profit of $31.2 million, a 41% increased on the FY11 result.

Around the region, Asian markets mainly weaker; the Hang Seng is down 2.1% whilst the Nikkei is 1% weaker.

Receive Daily FREE Trading Recommendations, click now.



   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