Australia market weighs by miners, banks

The Australian share market closed steep down on Friday, 17 April 2015, dragged down by profit booking across the board, with shares of consumer goods, retailers, energy, financial, industrial and mining companies being major losers. The benchmark S&P/ASX 200 Index dropped 69.60 points, or 1.17%, to 5877.90, while the broader All Ordinaries Index declined 66.10 points, or 1.12%, to 5851.50. Market turnover was relatively healthy, with 1.75 billion shares changing hands worth of A$4.61 billion. Rising stocks under-performed declining ones, with total of 516 stocks up, while 817 stocks down. Over the week, the ASX200 fell 1.5 per cent, its biggest weekly loss since mid-January.

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