Shares Fall in Volatile Trading
May 11, 2011
The All Ordinaries Index lost 4.9 to 2279.3 on volume of 320.6 million shares. Advancers outnumbered decliners 354 to 326. The September Share Price Index futures contract on the Sydney Futures Exchange closed at 2279, down from 2284 Wednesday. Japanese retail investors bought Australian dollar bonds, which lifted bond and currency markets, analysts said. Broken Hill Proprietary fell 17 Australian cents to 17.40 Australian dollars. Australian Gas Light jumped 42 cents to A$6 after reporting a 32% rise in after-tax profit for the fiscal year ended March 12, 2011 producer Newcrest Mining fell 17 cents to A$4.76 after reporting that its after-tax profit fell 51% in the fiscal year ended March 12, 2011 gold-shares subindex lost 1% and the banking and finance subindex gained 0.4%.
VastPress 2011 Vastopolis
