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09 June 2005 11:00  Share prices closed lower after a choppy trading session in Australia


Share prices closed lower after a choppy trading session which left few sectors untouched, dealers said. Dealers said April employment data, which showed stronger-than-expected job growth, made investors wary about the potential for further interest rate hikes after being encouraged on Wednesday by the Reserve Bank of Australia leaving its official cash rate unchanged at 5.50 pct. The S&P/ASX 200 closed down 5.9 points or just 0.14 pct at 4,214.0. The key market indicator ended off its high for the day of 4,231.9 and a low of 4,209.0. The broader All Ordinaries closed down 4.4 points at 4,168.9.
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