Article: Australia: Stocks dragged marginally lower by banks.

Byline: sander03

The Australian sharemarket closed marginally lower, weighed down by banking stocks but gains were seen in the agribusiness and healthcare sectors.The benchmark S&P/ASX200 was down 23.2 points, or 0.62 per cent, at 3,708.4 while the broader All Ordinaries fell 18.3 points, or 0.5 per cent, to 3,671.7.

On the Sydney Futures Exchange at 1621 AEST, the June share price index contract was 27 points lower at 3,689 on a volume of 33,489 contracts.CommSec market analyst Juliette Saly said investors reacted negatively to National Australia Bank's (NAB) 0.9 per cent dip in first half net profit, which was caused by bad debts and increased funding ...

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