Australia stocks extend losses after of RBA rate decision

The Australian share market declined for second straight session on Wednesday, 04 March 2015, after the central bank's surprise decision to keep rates on hold, with banks, miners, property trusts and Telstra being major losers. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both down by 0.5% to 5901.60 and 5871.50, respectively, extending the 0.4% loss in the previous session after the central bank confounded the expectations of some analysts by keeping its benchmark interest rate unchanged. Market turnover was relatively light, with 1.19 billion shares changing hands worth of A$3.5 billion. Rising stocks underperformed declining ones, with total of 513 stocks up, while remaining 708 down.

Powered by Capital Market - Live News