Business Standard

Australia Stocks fall, weigh by top lenders

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Capital Market
Australian equity market ended lower on Friday, 12 May 2017, as sentiment was weighed on by a slide in global markets overnight. Most of the ASX sector declined, with consumer discretionary, technology, healthcare, industrials, energy, realty and financials issues being notable losers, while strong gains in the gold and copper prices helped materials sector to close in green. The S&P/ASX 200 finished down 41.40 points, or 0.7%, at 5836.90. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 637 to 415 and 389 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 2.14% to 11.977.

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First Published: May 12 2017 | 6:25 PM IST

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