Australian Stock Market Report – Afternoon 3-12-13

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MARKET CLOSE
(4.30pm AEDT)

The Australian sharemarket couldn't make it three consecutive sessions of gains today, with the All Ordinaries Index slipping by 0.61 per cent or 31.4 pts to 5128.6. The mining and energy sectors continue to underperform the broader market. Both industries combined account for around ¼ of the Australian sharemarket.

Australia's largest bank, Commonwealth Bank ( CBA ) is coming close to taking over the country's largest miner BHP Billiton ( BHP ) in market capitalisation terms. Both companies are worth around $114B on the local market.

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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

Referenced Stocks: BHP , CBA

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