Australia ASX200 falls on profit booking, weak offshore lead

Australian share market finished lower on Wednesday, 28 February 2018, snapping five days of winning streak, on following declines for US stocks overnight. Telecoms led the losses, followed by Property Trusts and Materials. Solid losses for Financials were also a feature of the weakness for the broader market. The S&P/ASX 200 index declined 40 points, or 0.7%, to 6016 while the All Ordinaries fell 41 points, or 0.7%, to 6117. Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 706 to 535 and 379 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 4.20% to 13.570.

Powered by Capital Market - Live News