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(Recast) Australian stock market closes down

Xinhua, January 13, 2015 Adjust font size:

The Australian sharemarket weakened for a second successive day, with low oil prices hitting the energy sector.

At the market close, the benchmark S&P/ASX200 index was down 18 points, or 0.33 percent, at 5,404.7 points while the wider All Ordinaries index was down 17.4 points, or 0.32 percent, at 5,382.1 points.

Energy shares led the market down, falling 1.7 percent overall.

Santos lost 1.1 percent, Woodside fell 1.7 percent, Origin Energy followed with a 2.7 percent decline and Karoon Gas fell 6 percent.

Big mining players BHP Billiton and Rio Tinto lost 1.9 percent and 1.8 percent, respectively.

Australia's major four banks, except Westpac which lifted 0.2 percent, drifted down. The Commonwealth Bank Australia lost 0.4 percent, ANZ fell 0.2 percent and the Natiopnal Australia Bank dropped by 0.3 percent.

Telstra had a positive day, gaining 1.2 percent and Wesfarmers, too, with a rise of 0.1 percent.

Evolution Mining led the market, soaring 9 percent after gold's price hit a new two-month high. Fellow gold miner Newcrest jumped 3.7 percent. Endi