Australian Stock Market Report – Afternoon 9/11/2012

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MARKET CLOSE
(4.30pm AEST)

Investors seemed uninterested with markets across the region today, ahead of two busy and vital sessions offshore this week. The All Ordinaries Index (XAO) eased by 0.2 pct or 9.7 pts to 4348.3, losing ground for the first time this week and for the first time in four trading sessions.

The healthcare sector was the lone region of the market to record gains today, with the S&P/ASX 200 Healthcare index jumping by 1.57 pct or 159.5 pts to 10350.7. Biopharmaceutical company, CSL Limited ( CSL ) rose by 2.21 pct or 97 cents to $44.85 and is going ex-dividend on 17 September. This essentially means that you would need to purchase CSL shares at the latest the day before the ex-dividend date and hold the shares at least until the stock goes ex-dividend. Inner ear implant maker, Cochlear ( COH ) also improved by around 2.27 pct today and is up 10 pct since the start of this calendar year - YTD (Year-To-Date).

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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

Referenced Stocks: COH , CSL

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