Business Services Industry
Under 6000, but it's not ominous.
Australasian Business Intelligence, February, 2007
Byline: Gabriella Hold
Feb 27, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket lost ground on 27 February 2007, with the benchmark S&P/ASX 200 easing 50.2 points to 5,993.8. The All Ordinaries Index was down 44.3 points at 5,977.6. BHP Billiton retreated $A0.47 to close at $A28.55, while Rio Tinto finished $A0.50 lower at $A79.61. Westfield Group shed $A0.49 to close at $A22.26, but an earnings upgrade from Woolworths boosted the retailer's stock by $A0.54 to $A26.74. AMP Capital Investors' Shane Oliver says the market may have been due for a pullback, but he notes that the profit outlook remains strong.
Publication Date: 28 February 2007
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