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STOCKS - AUSTRALIAN SHARES WEAKER AT NOON - JULY 1, 2008.
SYDNEY, July 1 Asia Pulse - The Australian share market remained weaker at noon, as banking stocks lost ground on the first trading day of the new financial year.
At 1200 AEST, the benchmark S&P/ASX200 index was down 31.9 points to 5,183.5 while the broader All Ordinaries shed 26.1 points to 5,306.
The September share price index futures contract was 19 points lower at 5174 at 1216 AEST, on a volume of 12,905 contracts.
Bill Chatterton, director of equities at ABN AMRO Morgans Brisbane, said punishment was being doled out in the financial sector after the local bourse recorded its worst financial year performance in 26 years in 2007/08. The market lost more than 15 per cent - the worst year on record since 1981/82, when the all ordinaries stock index fell 32.38 per cent.
"We're optimistic that we'll have a better year than last year," Mr Chatterton ...
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- Magazine article from: Economic Review Haidari, Iqbal May 1, 1997 700+ words
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- Press release article from: M2 Presswire September 21, 2007 700+ words
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- News wire article from: Asia Africa Intelligence Wire July 2, 2003 700+ words
...elections were to be held in Croatia today, 23 per cent of the electorate would vote for the Croatian Democratic Union (HDZ), 16 per cent for the Social Democrats (SDP), and 9 per cent for the Croatian Peasants' Party (HSS) and...
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Source: HighBeam Research, STOCKS - AUSTRALIAN SHARES WEAKER AT NOON - JULY 1, 2008.