Markets

Australian Stock Market Report – Afternoon 12/27/2012

MARKET CLOSE

(4.30pm AEDT)

After two days of rest, investors cautiously returned to their computers to place trades. It was around four times quieter than a typical session, as expected. The All Ordinaries Index (XAO) still rose by 0.3 per cent or 15.8 pts to 4661.4 making it the 11th session of gains in 13 trading days.

Investors tend to be extremely unmotivated in the final week of the month, with many global markets closed for a number of days which keeps volume light. It was a quiet night for global markets overnight, with the British and European markets shutting their doors to observe public holidays. Markets in Australia, Hong Kong and New Zealand were also closed.

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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 Nasdaq, Inc.


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

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