Australian Market Report of February 19: Further Drop Ahead

  Sydney, Australia, Feb 19, 2009 - (ABN Newswire) - Overnight Wall Street ended rather flat. Investors remained cautious although details of Obama's housing rescue plan had been released. Yesterday the Australian stocks closed lower on all sectors. The benchmark S & amp;P/ASX200 lost 51.1 points, or 1.48 per cent, at 3,413.2, while the broader All Ordinaries dropped 45.3 points, or 1.33 per cent, to 3,366.9. The local market has fell 4.  

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