Late Fall in the Market
By SmallStocks on Jan 5, 2009 in Business
The All Ors (AORD) is closing lower today after a strong start. It seems that market was shaken Financials and Health Care sectors which were down 43.1 and 368.3 respectively. The market was quite volatile on medium trading as many broker houses around Australia started pumping out more trades with the Xmas and New Year break over. At the time of writing, the Nikkei 225 Average was up around 2.4% to 9,070.42 as trading resumed for the first time in 2009, while the broader Topix Index gained 2.2% to 877.95. The Australian Dollar also was up as the Yen fell and so exporters in Japan were laughing all the way to bank, which was good news for the Car Industry and the Technology index.Â
The ASX saw increases primarily in the Energy, Materials and Metals and Mining sectors which were all up marginally. Rio Tinto (RIO) rose $3.00 while a big loser for the day was Newcrest (NCM) which was pounded by investors and lost around $2.30.Â
Further update after market close.
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