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Australia Shares slips as financials, energy drag on index

Capital Market 

Australian finished session down on Monday, 20 March 2017, due to an uninspired lead from US markets on Friday and worries over global trade protectionism after financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open. ASX Sectors were mostly down, with financials, real estate, and energy stocks leading the losses.

At the close, the benchmark S&P/ASX 200 index surrendered 20.7 points, or 0.36%, to 5,778.9, while the broader All Ordinaries index backtracked 20.3 points, or 0.35%, to 5,820.5. Falling stocks outnumbered advancing ones on the Stock Exchange by 631 to 453 and 359 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 5.43% to 10.274.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 20 2017. 16:50 IST