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Article: AUSTRALIAN MARKET RALLY SNAPS ON PROFIT TAKING, WEAKER COMMODITY PRICES.
- Article from:
- AsiaPulse News
- Article date:
- September 18, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MELBOURNE, Sept 18 Asia Pulse - The Australian share market snapped a three-day rally to close lower on profit-taking and weaker commodity prices.
The benchmark S&P/ASX200 index was down 21.7 points, or 0.46 per cent, at 4693.2, while the broader All Ordinaries fell 20.3 points, or 0.43 per cent, to 4693.7.
It followed a three day rally - the first day a moderate rise followed by two strong days.
On the Sydney Futures Exchange, the December share price index contract declined 45 points to 4683, on a volume of 33,990 contracts.
Macquarie Private Wealth associate director Lucinda Chan said the market was taking a breather after the two ...