Australian Stock Market Report – Afternoon 1/31/2013
As beautifully as the sun shines, it always sets. This is one way to poetically describe what took place on the Australian sharemarket today. After 10 consecutive sessions of gains, the local market slipped into negative territory. The All Ordinaries Index (XAO) eased by 0.4 per cent or 18.1 pts to 4901.0.
Over the past 4 weeks the Australian sharemarket has improved by over 5 per cent, making it the second best start to a new year since 1994. Over the past 10 days alone, the market improved by around 3.7 per cent.
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