Wall St Followed Down

Newcastle Herald

Thursday November 26, 1998

THE market closed softer yesterday in line with Wall St, with brokers also citing some profit taking across the session.

The All Ords finished 10.8 points weaker at 2749.4.

Cable & Wireless Optus bucked the general trend, adding 8? or 2.9% to $2.79.

Dollar: The $A rebounded yesterday, amid renewed interest in the currency after a selldown on the back of falling commodity prices in the previous session.

It closed at US64.25?, up from US63.92?.

Tokyo: Stocks ended lower on profit-taking.

The Nikkei shed 91.17 points to close at 15,073.47.

Wall St: Stocks pulled back yesterday as investors locked in some gains from Monday's rally, which lifted the Dow Jones to its first record high since July.

The Dow fell about 73 points to 9301, giving back a third of Monday's 214-point gain.

Gold: AGPP $461.76 an oz ($US296.59). Bars quoted by Scorers at November 25: 1oz $518, 5oz $2496, 10oz $4953, 20oz $9755, 1kg $15,905.