
Selling Stake in Chinese Dairy Firm Shares in French food group Danone are [...]
Geo political uncertainty and concerns around Ukraine and Russia continue to limit the potential upside for markets during this unpredictable period of time, which provided a negative session across international bourses, which carried over to the Aussie market, which fell a disappointing 1.30 per cent. Chinese Trade Balance data came in and saw exports rise a huge 14.5 per cent with the Trade Balance figures hitting $47.3 billion in July, up nearly $20bn more than analysts’ expectations at $27.4 billion.
How did the Aussie market perform today?
S&P/ASX200 lost 73.7 points or -1.36% on volume of $3.1 billion, closing at 5435.3.
Australian sector watch
Looking over the charts
ASX top 200 stock analysis
53% of stocks are showing oversold levels, 7% are showing overbought levels and 45% of stocks are currently above their long term moving average as of close of trading today. View the image below to better understand overbought and oversold levels.
S&P/ASX 200 Gainers and Losers
Top 5 gainers:
Top 5 Losers:
Please note that these are our initial impressions and that it is important to read all disclaimers on this website when considering the information. If you would like to discuss further please contact:
Ashley Jessen
Director of Communications
Email: ashley_jessen@invast.com.au
Phone: 02 8036 7567
Friday, 08 Aug, 2014 / 7:59
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