in news by Admin on 01 Sep 2010
Australian Stock Market Buy Shares
Wesfarmers (WES) is an Australian conglomerate and is considered among the best of the blue chip stocks on the Australian Stock Market.
It has a diverse range of business, covering supermarkets, department stores, coal mining, insurance, chemicals, and industrial products.
In its recent 4Q10 sales update, WES reported a 5.5% on-year jump in sales to $7.45 billion.
The stock market saw WES as the one of the key buy shares, on the day of the sales update, with its stock price rising by 3.2%.
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