Rudi Filapek-Vandyck has been a journalist for nearly three decades, of which nearly two decades has been in finance. After successfully establishing a leading financial news service in Europe, Rudi moved to Australia where he founded FNArena, an online service dedicated to providing independent and unbiased market analysis. He has also develope...View more >
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Resources related companies have been a focus for brokers this week, with upgrades for Alumina and Evolution Mining.
Commodities stocks are having a good run, while a number of highflyers, such as Sydney Airport and Fisher & Paykel, are facing downgrades.
The positive momentum in the Australian market has triggered more downgrades than upgrades for ASX-listed stocks.
Stockbroking analysts sent the local share market into the new financial year with positive momentum.
In a week that was filed with mostly downgrades Lend Lease and Ramsay Health Care were upgraded.
The Australian share market has posted only small net gains so far year-to-date (including dividends), but June might well add some more.