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Banks weigh again on ASX amid 'relentless' selling of bluechips
2015-06-04 10:04:19| Grocery - Topix.net
The Australian sharemarket suffered its fourth day of losses, after a record trade deficit, disappointing retail figures and heavy writedowns from Metcash set a gloomy tone for Thursday's trade as the great bank sell-off continued. The S&P/ASX 200 index shed 79 points, or 1.4 per cent per cent, to 5504.3 points, while the broader All Ordinaries index dropped 77 points, or by 1.4 per cent, to 5511.3. Trading started the day optimistically, after US stocks advanced on speculation of a deal between Greece and its creditors.
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