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Australian sharemarket dips after recent strong run, as expected – NEWS.com.au
Australian sharemarket dips after recent strong run, as expected
The Australian sharemarket retreated moderately after seven straight days of gains, as expected by analysts and following a negative US lead.The S&P/ASX 200 closed 0.3 per cent lower at 6179, while the All Ordinaries Index dipped 0.2 per cent to 6387.
The Australian Securities Exchange says over the past five days, the All Ords has gained more than 2 per cent but is down more than 6 per cent for the year to date.
ThinkMarkets Australia analyst Carl Capolingua said it was significant the ma…
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