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Article: STOCKS - AUSTRALIAN SHARES CLOSE WEAKER - MAY 13, 2009.
- Article from:
- AsiaPulse News
- Article date:
- May 13, 2009
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MELBOURNE, May 13 Asia Pulse - The Australian share market closed weaker in light trading as investors showed caution after recent gains and the digestion of Tuesday's federal budget.
At 1615 AEST, the benchmark S&P/ASX200 index was down 21.1 points, or 0.54 per cent, at 3856.1, while the broader All Ordinaries index also dropped 21.1 points, or 0.55 per cent, to 3842.5.
On the Sydney Futures Exchange at 1615 AEST, the June share price index contract was 16 points lower at 3853 on volume of 22,445 contracts.
IG Markets research analyst Ben Potter said there was little apparent fallout from Tuesday night's federal budget showing up in the ...