Aussie shares fade for third day, gold stocks rally
Raw materials was the only winner among the 11 ASX sectors, up 1.6 per cent as gold stocks surged. -AAP Image
Australia's share market has drifted lower for a third session, with a rally in mining stocks unable to ballast weakness across all other sectors.
Hold tight - we’re checking permissions before loading more content
The S&P/ASX200 fell 19.2 points on Wednesday, down 0.22 per cent, to 8,579.7, as the broader All Ordinaries lost 12.3 points, or 0.14 per cent, to 8,868.3.
Raw materials was the only winner of 11 local sectors, up 1.6 per cent as gold stocks surged, while energy, financials, health care, consumer staples and IT stocks dragged the bourse lower.
The Australian dollar is buying 66.16 US cents, down from 66.33 US cents on Tuesday at 5pm as the greenback appreciated against the major currencies.
25°C