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Profit taking weighs on Australia market

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Capital Market
The Australian share market declined for the first time in five straight sessions on Wednesday, 27 May 2015, as profit taking triggered across sectors on following a drop for U.S. markets overnight, with financial, industrial, and resource-related stocks leading retreat. The benchmark S&P/ASX 200 Index declined 48.10 points, or 0.83%, to 5725.30, while the broader All Ordinaries Index fell 46.20 points, or 0.8%, to 5724.20. Market turnover was relatively healthy, with 1.58 billion shares changing hands worth of A$3.72 billion.

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First Published: May 27 2015 | 4:22 PM IST

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