Australia Market falls on weak global lead

Australian share market ended lower on Wednesday, 18 May 2016, as investors elected to book profit made in recent sessions, due to soft lead from Wall Street overnight, with the big banks suffering the most. At close of trade, the benchmark S&P/ASX 200 index declined 39.70 points, or 0.74%, to 5356.20. The broader All Ordinaries fell 38 points, or 0.7%, to 5420.50. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 598 to 407 and 328 ended unchanged.

Powered by Capital Market - Live News