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Home International Markets

Australian stocks end flat, S&P 200 sheds 1.2pc

byCustoms Today Report
23/05/2015
in International Markets
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SYDNEY: Australian shares ended flat on Friday and capped off the week with declines as another poor performance by the banks kept a lid on the market.

The S&P/ASX 200 index ended barely changed at 5,664.7. On the week, the benchmark index shed 1.2 per cent.

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All the big four banks ended in the red led by a 0.54 percent fall in Commonwealth Bank. They have dropped more than 10 percent in the past few weeks on concerns about their earnings outlook.

 

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