Shares slip, blue chips mixed

The Australian share market has slipped during the afternoon, with falls for most miners and banks offsetting gains for some other blue chips, such as Telstra.

The All Ordinaries index was down 0.5 per cent to 4,713, while the ASX 200 was 26 points lower at 4,691 around just before the market close around 4:00pm (AEDT).

Rio Tinto was down 1.3 per cent and Fortescue Metals 2.7 per cent, while BHP Billiton was down 0.8 per cent.

That is despite another rise in Chinese iron ore spot prices to $US153.90 a tonne yesterday.

Three of the four major banks were trading lower, with Commonwealth the worst performing with a 2.1 per cent fall.

Westpac was up 0.1 per cent to $26.31.

Telstra was up 0.7 per cent to $4.48.

The electrical retail sector was also generally higher, with JB Hi-Fi posting a 3.1 per cent gain, while Harvey Norman was up 1.8 per cent.

The Australian dollar lost ground this afternoon to 104.8 US cents.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9278-0.0009-0.10%
    AUDUSD=X
    0.5524-0.001-0.19%
    AUDGBP=X
    0.6710-0.0011-0.16%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg