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Action Take Profit Sydney Stock Exchange Movements Of Drag

Australia (Benchmark News) – Australia’s stock market ended flat on Thursday, as the market is eroding profit grab action was being “bullish” (passionate).

Index of reference S&P/ASX 200 rose thin 0.70 points or 0.01 percent to close at 5,485.10 points, but the All Ordinaries Index ended slightly dropped 0.90 points or 0.02 per cent to 5,549.00 points.

Market Australia started strongly as “bullish” in early trading, but turned gloomy at mid-morning due to action take profit of the few stocks that perform better.

“There’s not a lot of support ahead of the Thanksgiving holiday (Thursday) in the US, so that we see a bit of action take profit once it went very well,” CMC Markets chief market analyst, Ric Spooner told Xinhua.

On Thursday, ANZ climbed 0.57 percent, Commonwealth Bank of Australia rose thin 0.01 percent, National Australia Bank rose 0.21 percent and Westpac increased 0.51 per cent.

BHP Billiton was flat, his rival Rio Tinto increased by 0.25 percent, but the gold miner Newcrest slumped 3.86 percentage points.

Oil Search plunged 1.39 per cent, Santos slipping 0.71 percent and Woodside Petroleum 0.29 percent lower.

Rival Wesfarmers and Woolworths rising each 1.22 per cent and 0.43 percent.

Qantas lost 1.23 percent and telecommunications giant Telstra ended 0.40 per cent lower…(Red)

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