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STOCKS - AUSTRALIAN STOCKS OPEN LOWER - MARCH 2, 2005.
MELBOURNE, March 2 Asia Pulse - The Australian stock market opened marginally lower today after the Reserve Bank of Australia lifted interest rates by an expected 0.25 percentage points to 5.50 per cent.
At 1011 AEDT the benchmark S&P/ASX200 was down 2.9 points to 4182.0, while the all ordinaries fell 1.7 points to 4162.6.
The major banks were mostly weaker, resource stocks dipped and global media player News Corp was stronger.
On the Sydney Futures Exchange, the March SPI futures ...
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Source: HighBeam Research, STOCKS - AUSTRALIAN STOCKS OPEN LOWER - MARCH 2, 2005.