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RBA puts brake on equities' joy-ride.(Reserve Bank of Australia)(Brief Article)
Australasian Business Intelligence, February, 2005 by McAdam, Matthew
Feb 13, 2005 (The Australian Financial Review - ABIX via COMTEX)
The growing prospect of an interest rate rise saw the Australian sharemarket lose ground on 11 February 2005. The benchmark S&P/ASX 200 finished 0.6 points lower at 4,174.2, although WMC Resources firmed $A0.21 to $A7.70 after the Australian Government cleared the way for Swiss-based Xstrata to press ahead with its takeover bid. The Commonwealth Bank eased $A0.49 to close at $A36.60, Woolworths was down $A0.05 at $A14.91 and Telstra was $A0.03 weaker at $A5.27. The Australian dollar rose to $US0.7818.
Publication Date: 12 February 2005
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