Market Update: Despite a strong rebound in the US equity markets overnight the Australian share market struggled to get any direction as regional holidays kept...

Bell Potter

Stockbroker

Market Update: Despite a strong rebound in the US equity markets overnight the Australian share market struggled to get any direction as regional holidays kept activity quiet. The S&P/ASX200 was down 0.1% at 5,182 points. Falls in commodity prices last night weighed on resource companies. BHP and RIO were down 0.6% and 0.3% respectively. The major banks were mixed with ANZ flat while the other three were falling between 0.2% to 0.5%. The AUD is trading lower at US$0.8760. The SPI was down 0.2% at 5,130 points on the Sydney Futures Exchange.


Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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