Stocks End Down for the Day
By SmallStocks on Oct 15, 2008 in ASX
The All Ords (AORD) closed 39 points lower today after continued uncertainty reins about the state of USA markets and the overall global market stability. The S&P200 (AXJO) also closed 35.2 points lower to finish the day around 4,300 flat. It seems like I should just copy and paste this sentence into every post for the next few months – but unfortunately, the markets are going to continue to swing until there are clear periods of good growth and reducing economic indicators.Â
Of note, Rio Tinto (RIO) fell 5.19 percent today to $78.50 AUD after releasing its third quarter production report which highlighted increasing production costs. In the financial sector, NAB (NAB) fell around 1.29%, Commbank (CBA) fell around 1.79%, ANZ (ANZ) fell around 0.27% and Westpac (WBC) fell around 0.17%.
Overall, a fairly flat day on a market which is still – waiting for some type of news to get it moving again.
You must be logged in to post a comment.