Australian shares advanced amid mixed companies' results

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Australian shares traded higher on Tuesday amid mixed earnings results. Meanwhile, uncertainty over whether the RBA will cut rates further this year weighed on stocks. In the minutes released today, the RBA stated it will wait to see more results of its loose monetary policy to decide whether more rate cuts are necessary in 2013. The S&P/ASX 200 Index gained 0.37% to close at 5,081.90. Eight out of ten industries climbed. The biggest gains posted telecommunications and oil and gas industries, advancing 1.26% and 0.89%. Asciano Group and Brambles rose 1.90% and 1.67%, while Singapore Telecommunications jumped 1.45%. Southern Cross Media was the top-gainer, soaring 9.76%, after saying that advertising markets are recovering. However, gains were cut by weak earnings report, showing a 52% decline in H2 net profit. At the same time, Sonic Healthcare sagged 8.54%, the biggest decline in the stock index, on worries that annual results will come at the lower end of the firm's forecast.
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