Business Services Industry
Property, retailers rally.
Australasian Business Intelligence, August, 2005
Byline: Chris Jones
Aug 02, 2005 (The Courier-Mail - ABIX via COMTEX) -- The Australian sharemarket posted modest gains on 2 August 2005, with the S&P/ASX 200 rising 7.4 points, to 4,385.4. The broader All Ordinaries Index advanced 5.8 points to finish at 4,343.4. Property and retail stocks benefited from the New South Wales Government's move to scrap its property vendor tax, with Westfield adding $A0.32 to be $A18.29 at the close of trade. Rio Tinto
eased $A0.13 to $A49.17 and Peplin was up $A0.02 at $A0.37. Suncorp-Metway was $A0.02 lower at $A20.22.
Publication Date: 3 August 2005
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