Alexa
  • Directory of Taiwan

Australian stocks edge down marginally down

Australian stocks edge down marginally down

Australian stocks edged down Monday in mixed trading as the benchmark S&P/ASX200 index fell 9.5 points, or 0.16 percent, to 5,760.4.
The All Ordinaries index dropped 9.3 points to 5,744.0.
"We've had a good day with strong volumes and the market hasn't received a fright from the U.S.," said Bell Potter Brisbane senior adviser Stuart Smith.
On Wall Street Friday, the Dow and the S&P 500 ended slightly lower as investors worried that strong economic reports would hurt prospects for an interest rate cut.
But the concerns were tempered by a report that Bank of America Corp. and Countrywide Financial Corp. might be in early merger talks.
On the Australian bourse, mining giant Rio Tinto slid 28 cents to A$77.17, while rival BHP Billiton lifted 15 cents to A$26.24.
The major banks were mixed. ANZ Bank climbed 3 cents to A$28.96, Westpac Bank dropped 7 cents to A$24.93, Commonwealth Bank fell 30 cents to A$49.85 and National Australia Bank lost 27 cents to A$20.05.
Australia's fifth largest bank, St. George Bank rose 30 cents to A$33.12.


Updated : 2021-07-29 14:45 GMT+08:00