Aussie stocks fall for third day

Australian share market closed lower for third consecutive day on Thursday, 11 December 2014, due to sharp falls in resources companies caused by further weakness in commodity prices. However, rally in Telstra shares and better-than-expected jobs data helped the local share market to trim more than halve early losses. The benchmark S&P/ASX 200 index declined 28 points, or 0.53%, to close at 5231 and the broader All Ordinaries index lost 29.70 points, or 0.57%, to 5207.40. Market turnover was reltaivly moderate, with 1.22 billion shares changed hands worth of A$3.48 billion. 401 stocks were up, while 829 were down.

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