Australia market falls for fourth day

The Australian share market closed softer after erasing gain in late afternoon on Friday, 08 May 2015, registering fourth straight session of losing streak, after weak Chinese trade data. Among ASX sectors, shares of energy, mining, consumer goods companies were major losers, which overshadowed gains in blue-chips of realty, utilities and industrial players. The benchmark S&P/ASX 200 Index declined 1.10 points, or 0.2%, to 5634.60 while the broader All Ordinaries Index slipped 9.40 points, or 0.17%, to 5635.40. The All Ordinaries fell 2.8% during the week, while the ASX 200 dropped 3.1% for the week - its worst week since June 2013. Market turnover was relatively light, with 1.5 billion shares changing hands worth of A$4.67 billion.

Powered by Capital Market - Live News