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STOCKS - AUSTRALIAN SHARES OPEN LOWER - DEC 1, 2008.
SYDNEY, Dec 1 Asia Pulse - The Australian sharemarket has opened one per cent lower despite a rally on Wall Street and expectations the Reserve Bank of Australia will cut interest rates this week.
At 1015 AEDT, the benchmark S&P/ASX200 index was down 43 points, or 1.15 per cent, at 3,699.5, while the broader All Ordinaries fell 39 points, or 1.06 per cent, to 3,633.7.
On the Sydney Futures Exchange, the December share price index contract was down 27 points at 3,703 on a volume of 5,627 contracts.
BHP Billiton shares fell 90 cents, or 2.9 per cent, to .10, and Rio Tinto shares lost $1.50, or 3.22 per cent, to .10.
The banks were lower. Commonwealth Bank fell 36 cents to .73, National Australia Bank dropped 21 cents to $19.79, ANZ declined 16 cents to $14.64 and Westpac was down 59 cents to ...
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Source: HighBeam Research, STOCKS - AUSTRALIAN SHARES OPEN LOWER - DEC 1, 2008.