Australian sharemarket closes lower

Australian sharemarket closes lower

The ASX200 closed lower at 4701. Almost all sub-indices were down with the exception of Healthcare which was up only marginally.

BHP Billiton (ASX:BHP) dropped 63c to $37.72 with around $630M of shares trading. Fellow resources giant Rio Tinto (ASX:RIO) also fell, losing 82c to close at $60.92 as did Woodside Petroleum (ASX:WPL) which fell $1.40 to $51.71

Macquarie Group (ASX:MQG) finally ended its winning streak dropping 75c to $56.88. Commonwealth Bank (ASX:CBA) bucked the trend and stayed level at exactly $50.00 after rising to $50.53 during the day.

Centro (ASX:CNP) rose over 27% to close at 37.5c after reaching as high as 52c. Neither Centro Properties nor Centro Retail Trust had an explanation for the rise, however the recent sale of Rosebud shopping centre may soothed investor concerns about the organisation’s high level of debt.

Brickworks (ASX:BKW) also shone with a 12% rise to $15.75 after announcing a record result of $113.7M, up 5.1% on the previous year. Brickworks declared a final dividend of 26.5c, fully franked.

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Tags commonwealth bankASXBHP BillitonMacquarie Grouprio tintoWoodside PetroleumBrickworksCentro

More about BHP BillitonCommonwealth Bank of AustraliaCommonwealth Bank of AustraliaRIO TINTO

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