Market Update: The S&P/ASX 200 reclaimed yesterday's losses to be up 0.5% to 5,413 points on the back of the strength in resources companies, better than...

Bell Potter

Stockbroker

Market Update: The S&P/ASX 200 reclaimed yesterday's losses to be up 0.5% to 5,413 points on the back of the strength in resources companies, better than expected employment data and unemployment rate which held steadily at 6.0%. BHP was up 1.0% and RIO climbed 2.4%. Gold stocks rallied as the yellow metal rose 1.3% overnight. Alacer Gold jumped 6.6%. Financials bounced back with all the major banks rising between 0.2% to 0.8%. The AUD slowly rose above USD 0.90 during the morning and jumped another USD 0.005 after the employment data to be trading at USD 0.9066. The SPI was up 0.7% at 5,413 points on the Sydney Futures Exchange.


Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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