asx performance today

Perhaps another sign of the times for the Australian market in 2004.

Comparing and contrasting the ASX to the NZSE for today, we find that:
1)
the ASX is currently at 3324.50, down 10.2 or 0.3% for the day;
2)
the ASX started off the day at its highs (nearer 3345) and has since fallen to its current levels although it now appears to be stabilising at around the 3324 mark;
3)
the NZSE is currently at 2525, UP 21.3 or 0.9% for the day;
4)
the NZSE started off the day at its lows of the session (nearer 2515) and has since risen to its current levels although it has continued to strengthen throughout the afternoon and is likely to close above the 2525 mark.

Following the performance in the DOW and in the NASDAQ overnight, and the strong aftermarket reports by Agilent (beat estimates and upped 2004 guidance which took the aftermarket by surprise) and by McDonalds (in line), one must question what is happening in Australia today.

It can't be the NAB. It's still in positive territory.

So, who's pulling their funds out?