SYDNEY, AAP – Investors abandoned market giants BHP and CSL after their full-year earnings and sent the ASX to its third consecutive day of losses.
BHP shares dropped by more than seven per cent to $47.70 after the mining giant revealed plans to stop trading on the London Stock Exchange. Those shares will move to the ASX.
Medicines provider CSL closed lower by 1.47 per cent to $293.56 after outlining a lower profit forecast for this financial year.
The benchmark S&P/ASX200 index closed lower by 8.9 points, or 0.12 per cent, to 7502.1.
The All Ordinaries closed down 2.6 points, or 0.03 per cent, to 7770.7.
The Australian dollar was buying 72.62 US cents at 1621 AEST, lower than 73.06 US cents at Tuesday’s close.