Business Services Industry
Shares lose ground as buyers chase value in Asia.
Australasian Business Intelligence, January, 2007
Byline: Gabriella Hold
Jan 31, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket lost ground on 31 January 2007, with the benchmark S&P/ASX 200 easing 39.1 points to close at 5,773.4. The broader All Ordinaries Index was down 33.8 points at 5,757.7. The resources sector had a mixed performance, with Rio Tinto advancing $A0.75 to close at $A76.60 and Zinifex falling $A0.55 to $A16.40. A bullish earnings outlook for Alesco Corporation saw its shares rise $A0.32 to finish at $A12.08, while a big increase in the value of its share buyback bolstered National Australia Bank stock, which closed $A0.09 higher at $A40.42.
Publication Date: 1 February 2007
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