All Ords down despite late rally.(Brief Article)

Australasian Business Intelligence, May, 2005 by Brammall, Bruce

May 04, 2005 (Herald Sun - ABIX via COMTEX)

The Australian sharemarket continued its downward trend on 4 May 2005. The All Ordinaries Index lost 38.1 points, closing at 3,905.5, after falling below the 3,900 level during afternoon trading. Stuart Smith of Bell Potter says the market was responding to new figures which point to a slowdown in consumer spending. Retail stocks fell sharply, with Coles Myer easing $A0.22 to finish at $A8.38 and Harvey Norman retreating $A0.13 to $A2.34. The ANZ Bank was down $A0.24 at $A21.56, while Rio Tinto rose $A0.29 to $A42.31.

Publication Date: 5 May 2005

AUSTRALIAN STOCK EXCHANGE ALL 

ORDINARIES SHARE PRICE INDEX:

COLES MYER LIMITED - ASX CML:

HARVEY NORMAN HOLDINGS LIMITED - ASX...

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