Australian shares end lower as banks, Woolworths drag [Reuters]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Reuters
By Harish Sridharan 3 Min Read * ASX 200 briefly set a record high of 7,334.90 * Miners top gainers, snap 3-day losing streak * Woolworths marks worst session in 6-weeks (Updates to close) June 9 (Reuters) - Australian shares pulled back from record highs to end lower in thin trade on Wednesday, weighed down by declines in financial stocks and supermarket giant Woolworths. The S&P/ASX 200 index gained as much as 0.6% in early trading but reversed course to close 0.3% lower at 7,270.2. It ended 0.1% higher on Tuesday. “We are searching for direction. Having hit record highs, we are searching for the next leg up, but it’s hard to get enthused about the market at the moment,” said Henry Jennings, senior analyst at Marcustoday Financial Newsletter. The heavyweight financial sector fell 0.5%, with National Australia Bank closing at a nearly three-week low. The rest of the “Big Four” banks also closed in the red. Australia’s biggest supermarket chain Woolworths shed 1.9%, its sharpest fall
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