Market Update: The S&P/ASX200 was down 0.5% to 5,412 points as all sectors took a breather

Bell Potter


Market Update: The S&P/ASX200 was down 0.5% to 5,412 points as all sectors took a breather. Financials were mixed with ANZ and WBC a touch higher while CBA and NAB were down 0.3% and 0.2% respectively. Resources' weak trend continued with BHP and RIO both down 0.5%. Earnings were in focus, Qantas dropped 8.1% after it posted a biggest half year loss since its listing in 1995. The AUD was also lower after Australia's fourth quarter capital expenditure fell 5.2% from third quarter. The dollar is currently trading at USD 0.8936. The SPI was down 0.7% at 5,397 points on the Sydney Futures Exchange.

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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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