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STOCKS - AUSTRALIAN SHARES OPEN LOWER - MAY 1, 2009.
SYDNEY, May 1 Asia Pulse - The Australian share market has opened lower following a small fall on Wall Street and weaker commodity prices.
At 1015 AEST, the benchmark S&P/ASX200 was down 21.6 points, or 0.57 per cent, at 3758.9, while the broader All Ordinaries had fallen 19.8 points, or 0.53 per cent, to 3724.9.
On the Sydney Futures Exchange, the June share price index contract was trading 12 points lower at 3,754 on volume of 6,344 contracts.
Macquarie Group reported a 52 per cent fall in annual profit after booking $2.5 billion in writedowns on assets because of the global financial crisis.
Net profit for the 12 months to March 31 was $871 million, compared with $1.8 billion a year earlier, in line with Macquarie's guidance.
Macquarie shares are in a trading halt at $33.48 ...
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Source: HighBeam Research, STOCKS - AUSTRALIAN SHARES OPEN LOWER - MAY 1, 2009.