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Market report: Monday, April 11

Markets

The Australian share market is down, hurt by financial stocks, biotechnology group CSL and retail heavyweight Wesfarmers.

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The benchmark S&P/ASX 200 is lower with the Commonwealth Bank down 20 cents at $70.56 and investment bank Macquarie Group slipping 31 cents to $62.03.

Westpac has fallen 23 cents to $28.29, ANZ has slipped seven cents to $22.21 and National Australia Bank is down 21 cents at $24.92.

CSL is $1.19 lower at $100.01 and Wesfarmers has lost 53 cents to $39.80.

Bucking the trend are resource and energy companies, with Rio Tinto up 46 cents at $43.72.

A sharp rally in crude oil has helped lift Woodside Petroleum and BHP Billiton. They’re up 21 cents at $25.15 and 14 cents at $16.32, respectively.

KEY FACTS:

* At 1210 AEST, the benchmark S&P/ASX200 index was down 19.7 points, or 0.04 per cent, at 4,917.9.

* The broader All Ordinaries index was down 17.9 points, or 0.36 per cent, at 5,001.

* The June share price index futures contract was down 10 points at 4,901 points, with 12,617 contracts traded.

* National turnover was 1.16 billion securities traded, worth $1.53 billion.

AAP

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