SYDNEY, AAP – Investors selling shares in Rio Tinto and the Commonwealth Bank ended the Australian market’s run of six days of record highs.
Mining giant Rio Tinto fell 6.88 per cent to $120.26 after shares traded ex-dividend. Investors may also have been concerned by a plunging iron ore price.
The biggest company on the market, the Commonwealth Bank, lost 2.12 cent to $105.88.
Investors pushed bank shares to a record a day earlier after its full-year earnings.
The benchmark S&P/ASX200 index closed higher by 3.9 points, or 0.05 per cent, to 7588.2.
The All Ordinaries closed up 5.9 points, or 0.08 per cent, to 7860.5.
The Australian dollar was buying 73.61 US cents at 1624 AEST on Thursday, higher from 73.36 US cents at Wednesday’s close.