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Australian sharemarket eases as investors cash in after strong month – NEWS.com.au
Australian sharemarket eases as investors cash in after strong month
The Australian sharemarket was driven lower by investors pocketing recent gains on Thursday, but remained at nine-month highs.The S&P/ASX200 closed 0.8 per cent lower at 6636 while the All Ordinaries Index fell 0.6 per cent to 6849.
ThinkMarkets Australia analyst Carl Capolingua said the market slowly and gradually declined from the open.
“But I don’t think many were expecting this to be another up day,” Mr Capolingua said.
“Talking with clients, there does appear to be a bit of buyer fatigue kicking…
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