Australian Stock Market Report – Afternoon 2/1/2013

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MARKET CLOSE

The positive atmosphere around the local stock market has continued to build at the end of the week. In the last 2 days there have been a number of setbacks, yet the upward momentum of the index has prevailed.

At the close of trade on Friday, the ASX200 had gained 0.87% to 4,921 slightly below the highs of the session at 4,922.6 which was the highest level since April 2011.The All Ordinaries index had improved 0.83% to 4,942. There were almost 1.7bln transactions valued at close to $4.2 billion.563 stocks ended higher, 438 ended lower and 342 were unchanged.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

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