Thursday, 12 December 2013

Australian Market Ended Six Days' Losing Streak


  • Australian market finally ended its losing streak after six days and closed on a positive note as investors turned cautious on the possible cut to US stimulus next week. The benchmark S&P/ASX 200 index gained 35.9 points, or 0.7 per cent, to 5098.4, while the broader All Ordinaries added 32.3 points, or 0.6 per cent, to 5101.5.
  • Most sectors closed higher, with energy (+1.3%) and industrials (+1.1%) leading the gains. Materials rose 0.8 per cent, financials gained 0.7 per cent, while IT slipped 0.4 per cent.
  •  The Australian dollar is heading towards longest stretch of weekly losses since 1985 and it touched a near four-month low of 89.14 US cents today. Presently, it is trading at 89.24 US cents.
  • Given below are today's gainers and losers at ASX 200:



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