Australian shares unchanged on Tuesday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The Australian stock market stayed flat as investors sat on the sidelines after Bank of Japan announced its plans to increase the inflation target to 2%. In addition, the BOJ said it would launch an asset-buying program similar to the one released by Fed. The S&P/ASX200 index rallied 0.03%, or 1.6 points, to 4,779.1 points. Seven out of then sectors advanced with the industrial shares rallying the most by 0.61%, whereas technology and health care shares paired biggest losses and slid 1.3% and 0.7%, respectively. Boart Longyear was the leading blue chip, as its shares climbed 6.8% to AU$2.05 and capped further losses in the industrials group, followed by FKP Property Group that gained 6.2% to bound further decline in the financial shares that erased 0.13%. Emeco Holdings posted third biggest gain of 4.6% and contributed to consumer services group that was 0.33% up. Meanwhile, Perseus Mining Ltd lost 5.9% and left the basic materials group unchanged at 0%. Furthermore, Transfield Services lost 5.76% and capped further gains in industrial shares.
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Tue, 22 Jan 2013 15:59:03 GMT

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