Australia market extends fall for fifth day

The Australian share market closed softer in volatile trade on Monday, 11 May 2015, registering fifth session of falling streak, as losses in banks and financials and telecom heavyweight Telstra wiped out initial gain inspired by positive lead form offshore markets and an interest rate cut in China. The benchmark S&P/ASX 200 Index declined 9.40 points, or 0.17%, to 5625.20 while the broader All Ordinaries Index slipped 7.80 points, or 0.14%, to 5627.60. Market turnover was relatively healthy, with 1.88 billion shares changing hands worth of A$4.64 billion.

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