Business Services Industry
Bullish RBA report slows slide.(Brief Article)
Australasian Business Intelligence, April, 2005
Apr 21, 2005 (Herald Sun - ABIX via COMTEX)
The Australian sharemarket lost ground on 21 April 2005, with the benchmark S&P/ASX 200 easing 8.6 points, to close at 4,014. The broader All Ordinaries Index fell 13.2 points to finish at 3,988.7. Market turnover for the day totalled $A3.21bn, with over 939 million shares changing hands. The Commonwealth Bank gained $A0.20 to close at $A35.74, Rio Tinto eased $A0.22 to $A43.60 and Telstra was down $A0.05 at $A4.89. Stuart Smith of Bell Potter notes that the market was bolstered by positive comments by the Reserve Bank on Australia's terms of trade.
Publication Date: 22 April 2005
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