By Simon Frazer
Finance stocks were helping limit the market’s losses though, despite a 0. 1 per cent fall by Westpac. ANZ was 0. 9 per cent higher, NAB had added 0. 8 per cent and the Commonwealth 0. 2 per cent. Woodside had risen 0. 6 per cent after reporting a healthy rise in half-year profit, Caltex was 0. 7 per cent higher.
Investors were even happier with Coles’s parent company Wesfarmers’s full-year results, including generous plans to share its gains with shareholders, driving the stock 2. 1 per cent higher.
The food and beverage sector was also weighing on the market, led by a 3. 2 per cent fall for Coca-Cola Amatil in response to a fall in half-year net profit.
Read more here: ABC