Rate threat weighs on mind of investors.

Australasian Business Intelligence, July, 2006

Byline: Nina Wan and Corinne Lim

Jul 30, 2006 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket finished lower on 28 July 2006, also securing a fall from its week-earlier level on 21 July. According to Neil Boyd-Clark of ABN Amro Asset Management, investors are becoming sceptical about commodity prices. The key S&P/ASX 200 index fell 49.5 points to 4,958.3 and the All Ordinaries Index fell 43.8 points to 4,932.7. The loser column included ANZ Bank, BHP Billiton, Billabong, GUD Holdings, Newcrest, Westpac Bank, Woodside Petroleum and Woolworths. However, Mayne Pharma achieved a rise and the S&P/ASX 200 Property Trust Index gained 1.2 per cent between 24 and 28 July.

Publication Date: 29 July 2006

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