Business Services Industry
Mining shares lead way down.
Australasian Business Intelligence, September, 2005
Byline: Tim Findlay
Sep 08, 2005 (The Australian Financial Review - ABIX via COMTEX) -- Defensive sectors such as banking were favoured by Australian investors on 8 September 2005, sending the market lower.
The S&P/ASX 200 index lost 17.1 points to end at 4,474.9 and the All Ordinaries 16.5 points to close at 4,439.8. Analysts noted a move away from cyclicals into stocks with high
dividends. There was also some interest in Telstra shares despite its recent problems. BHP Billiton lost ground, as did Rio Tinto. Shares in building materials companies, Rinker and James Hardie, which have risen sharply since Hurricane Katrina in the US, finished lower.
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