Australian
Market Report Tuesday 29 January - Local markets
have risen sharply, clutching at the heels of the 4,900 -
5,000 mark. The gains were borne from a strong run from the
financials. Amazingly, the sector still managed to be one of
the strongest performers despite news of the Queensland
floods which sent the insurance companies tumbling down. QBE
lost 2.67% and Suncorp fell 1.92%. Other notable winners
were consumer discretionary and staples.
The All
Ordinaries rose 51.90 points (1.07%) to 4,910.80 while the
S&P/ASX 200 rose 53.80 points (1.11%) to 4,889.00... Read More
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