Midday Market Roundup 14/11/2008
The market is up 114 points – drifting back from its early high of 161 - underperforming the 170 point rise the SFE Futures predicted this morning. All sectors up. Resources outperforming – BHP and RIO up 6.4% and 7.0%. Oz Minerals up 2.2%, Fortescue Metals up 5.9% after being up 8.0% early, Paladin Energy up 8.9% and Woodside up 5.2%. Newcrest and Lihir up 5.7% and 9.3% on the higher gold price overnight. Financials up 2.8% - St George shareholders voted in favour of the Westpac bid – 'exit' the dragon – Monday is the last day of trading in St George.
