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STOCKS - AUSTRALIAN MARKET CLOSES WEAKER - MAY 30, 2008.

Publication: AsiaPulse News

Publication Date: 30-MAY-08
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COPYRIGHT 2008 Asia Pulse Pty Ltd

MELBOURNE, May 30 Asia Pulse - The Australian share market closed weaker today as lower prices for oil and base metals pulled back global miners BHP Billiton and Rio Tinto.

At the 1615 AEST close, the benchmark S&P/ASX200 index was down 54.7 points, or 0.96 per cent, to 5,654.7, while the broader All Ordinaries fell 43.3 points, or 0.74 per cent, to 5,773.9.

On the Sydney Futures exchange at 1615 AEST, the June share price index futures contract had lost 55 points to 5,672 on a volume of 18,859 contracts, according tp preliminary calculations.

Overnight, the oil price fell $US4.41, to $US126.62 per barrel.

"Oil...

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