Australian Stock Market Report – Afternoon 11/16/2012

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MARKET CLOSE
(4.30pm AEDT)

The Australian sharemarket slipped for the fourth time in five sessions today, with the All Ordinaries Index (XAO) easing by 0.2 per cent or 10.5 pts to 4360.1. The local market fell by 2.7 per cent this week, making it the biggest weekly slide in value since May. Interestingly, barely a month ago the Aussie market hit a 14-month high but has dropped in value by 5 per cent since.

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