Australian Stock Market Report – Afternoon 1/4/2013

By International Business Times,  January 04, 2013, 02:06:45 AM EDT

MARKET CLOSE
(4.30pm AEST)

Some of the excitement surrounding the U.S budget legislation seemed to die off today. The Australian sharemarket lost a little ground today for the first time this year after a strong start to 2013. The All Ordinaries Index (XAO) slipped by just 0.4 per cent or 18.5 pts to 4742.9, however improved by over 1.2 per cent this week. Aussie shares are currently trading at 19-month highs, and Wednesday was the best start to a new year in over a decade.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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