• Visit Website
Stock Analysis
Evening Market Commentary: Quiet Day

Evening Market Commentary: Quiet Day

The Australian market ended slightly lower today, after a lacklustre night on international markets.

The sectors closed mixed, with materials, energy and consumer staples the biggest losers.

The big four banks supported the market, with all but Westpac (-0.1%) finishing in positive territory.

NAB and CBA were the best of the bunch, up 0.3% and 0.4% respectively.

The major miners were a drag, hurt by substantially weaker commodity prices overnight. BHP dropped 1.2%, whilst rival Rio Tinto declined 0.6%.

Goodman Group climbed 2.9% after ratings agency Moody’s upgraded the company’s credit rating as well as its changing its outlook to ‘stable’.

The ASX 200 let go of nine points (-0.2%), to settle at 4278.

For FREE Daily 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