Australian stocks february 13 2012

Indonesia stock info - Australian stocks february 13 2012 ; Australian stocks are in for a rough day as there are not enough leads from other markets to rally on Monday's opening, analysts say. The disappointing results in the U.S. of consumers' sentiment in January, China's exports declining 0.5%, and Europe's unending debt crises will likely impede investors in the sideline in today's trading.

Ric Spooner, chief market analyst, CMC Markets notes the Australian market has a weak lead from international risk markets which generally closed quite a bit lower on Friday.

Shares in Transfield Services climbed 3.2 per cent to $2.27 after the company won a NZ$318 million ($264 million) contract with Transpower New Zealand.

11.11am: Shares in AGL Energy have slipped slid 0.5 per cent to $14.04. The Australian electricity retailer may buy Tokyo Electric Power Co.’s 32 per cent stake in the Loy Yang power station and has begun talks with other owners of Victoria state’s largest plant.

11.05am: Qantas, which reports later this week, now says the global grounding of its fleet was 'good for the brand'.

‘‘I think it has ended up being positive for the brand,’’ CEO Aland Joyce told News Limited today. But the Australian and International Pilots Association (AIPA) has described the remarks as ‘‘bizarre and worrying’’.

AIPA president Captain Barry Jackson Jackson said Qantas needed to focus on repairing the brand damage sustained in 2011. ‘‘In order to do so we need a leader who is in touch with passengers and not just business leaders,’’ he said.

10.56am: Mixed performance by the big miners today:

BHP is 0.1% lower to $36.26
Rio is 0.4% lower to $69.68
Fortescue is 3% higher to $5.40

10.52am: IG Markets market strategist Stan Shamu said the Australian market had reacted positively to the Greek vote.

‘‘But there’s still a few hurdles to go, particularly negotiating the debt writedown and what-not on Wednesday,’’ Mr Shamu said.

‘‘We’re not out of the woods yet when it comes to Greece. It’ll probably continue to be the dominant theme for the week.’’

10.49am: The big banks are faring well in a generally flat market:

CBA is 0.3% higher to $50.04
ANZ is 1% higher to $21.63
NAB is 0.35% higher to $23.02
Westpac is 0.1% higher to $20.87

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