Showing posts with the label 2013.(corrected date)

Australia Stock Market at Open August 04, 2013. (Corrected date).

Australia stocks head lower on bank weakness LOS ANGELES (MarketWatch) -- Australia stocks slipped early Monday on weakness in bank and retail sectors after the market finished higher last week, and ahead of an interest-rate decision Tuesday by the Reserve Bank of Australia. The S&P/ASX 200 lost 0.2% to 5,105.3, as shares of financials Macquarie Group Ltd. and Australia & New Zealand Banking Group fell 0.6% and 0.4%, respectively. Retailer Woolworths Ltd. declined 0.7% and Wesfarmers Ltd. gave up 0.3%. Meanwhile, stock in Paladin Energy Ltd. sank 27%, extending Friday's drop after the uranium miner ended talks to sell a minority interest in a Namibian mine, and raised funds through a private placement of shares. Also lower, shares of Virgin Australia Holdings Ltd. declined 5.5% after the carrier warned of a yearly loss of 110 million Australian dollars ($97.8 million). The S&P/ASX 200 last week rose 1.5%