After starting on a strong note, the day turned into a bit of a fizzer by the close with positive moves from a number of resource stocks counterbalanced by negative movement from some of the big banks, and (insurer) IAG and (property developer) Westfield Group weighing on the market.
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The regulatory outcomes are going affect not only Telstra, but it is going to have a knock-on affect into the rest of the telecommunications industry.David Land
Singapore believe that there is an awful lot of profitability to be had out of the route, so you would certainly imagine that Qantas will be less that pleased if it gets thrown open to another airline.
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I want to go down as a representative of people in this area who want to help, but simply can't go.
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Traders are not being overly quick to get into long positions as the oil price moves up, but are quick to unload if they see any weakness.
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You need a high level of sentiment in position for traders to regularly pay higher and higher prices for stock, and we are seeing just that at the moment.
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It also gives traders who are looking to add some more diversity to their portfolio away from resources some solid looking opportunities.
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