Weak rally gives way to selling.(Brief Article)

Australasian Business Intelligence, March, 2005 by Brammall, Bruce

Mar 29, 2005 (Herald Sun - ABIX via COMTEX)

The Australian sharemarket lost ground on 29 March 2005, with the All Ordinaries Index easing 39.7 points to 4,091.9. The index has fallen by 3.85 per cent since reaching a record high in the previous week. James Spiteri of Shaw Stockbroking attributes the recent slide to profit-taking by investors. The major banks retreated, with the Commonwealth Bank down $A0.45 at $A34.51 and ANZ Bank falling $A0.27 to finish at $A20.59. Rio Tinto edged $A0.66 lower to $A44.77 and Telstra eased $A0.10 to close at $A5.02. The Australian dollar was slightly lower at $US0.7707.

Publication Date: 30 March 2005

AUSTRALIAN STOCK EXCHANGE ALL 

ORDINARIES SHARE PRICE INDEX:

COMMONWEALTH BANK OF AUSTRALIA...

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