Business Services Industry
Weaker metals spark resources sell-off.
Australasian Business Intelligence, April, 2006
Byline: Nina Wan
Apr 23, 2006 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket lost ground for a second day on 21 April 2006, as investors pulled out of mining stocks. Softer base metals prices and concerns about the effect of rising oil prices on inflation provoked more selling, and analysts say it might continue. The S&P/ASX 200 closed 26.8 points down at 5,250.1 and the All Ordinaries Index was 26.7 points lower at 5,199.1. Despite this, both indexes gained over the week. BHP Billiton, Rio Tinto, Oxiana and Newcrest Mining ended lower on the day, but retail stocks did slightly better. The banks were mixed.
Publication Date: 22 April 2006
STANDARD AND POOR'S AUSTRALIAN STOCK EXCHANGE ASX 200 INDEX...
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