Monday, June 4, 2007

Australia's S&P/ASX 200 Drops From a Record, Led by Metcash, Retailers

(Bloomberg) -- Australia's S&P/ASX 200 Index fell from
a record high. Metcash Ltd. dragged retailers lower after it
posted profits that missed some analysts' estimates.

The S&P/ASX 200 Index lost 8.80, or 0.1 percent, to 6384.10
as of 10:32 a.m. in Sydney. About 11 stocks declined for every
eight that gained. The benchmark yesterday closed at a record
after reaching as high as 6409.20.


Read more at Bloomberg Stocks News

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