THERE will be few winners and plenty of losers as higher fuel prices and a rapidly slowing economy drag down most industrial companies, with analysts predicting profits falling across the ASX 200 by up to 10 per cent.
With resource companies boosting investment in energy and mineral deposits, drilling product-and-service company Boart Longyear is well-placed to benefit for years, analysts say.
Some unloved stocks are now a third of the price that they deserve to be and the sharemarket rout presents bargains for retail investors and corporate predators, analysts say.
China's insatiable demand for iron ore has propelled mining entrepreneur Andrew Forrest up the charts to Australia's richest billionaire, usurping James Packer.
Standard & Poors is making changes to its leading market indices, with some major names dropping out of higher indices to be replaced by up and comers.
The Australian stock market was firmly in the black at noon on the back of third straight day of gains on Wall Street and stronger commodity prices overnight.