Profit taking weighs on Australia market

The Australian share market declined for the first time in five straight sessions on Wednesday, 27 May 2015, as profit taking triggered across sectors on following a drop for U.S. markets overnight, with financial, industrial, and resource-related stocks leading retreat. The benchmark S&P/ASX 200 Index declined 48.10 points, or 0.83%, to 5725.30, while the broader All Ordinaries Index fell 46.20 points, or 0.8%, to 5724.20. Market turnover was relatively healthy, with 1.58 billion shares changing hands worth of A$3.72 billion.

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