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Australian market dip on Thursday

Xinhua, June 25, 2015 Adjust font size:

Fears over Greece's bailout negotiations saw the Australian share market fall back from three- week highs with local investors selling more than buying.

At the official market close, the benchmark S&P/ASX200 index was down 54.1 points, or 0.95 percent, to 5,632.7, while the broader All Ordinaries index gave up 52.8 points, or 0.93 percent, to 5,619.9.

The financial sector fell 0.6 percent. ANZ lost 0.59 percent while the Commonwealth Bank was up 0.11 percent.

The National Australia Bank lost 0.2 percent and Westpac fell 1. 07 percent.

Consumer staples dropped 1.28 percent. Woolworths was 1.2 percent lower, and Wesfarmers shed 1.33 percent.

Energy shares fell heavily after crude oil prices fell after the weekly U.S. industry report showed domestic output was still high.

Oil Search was down 0.67 percent, while Santos retreated 2.03 percent.

Woodside Petroleum was down 0.97 percent and Beach Energy lost 0.93 percent.

Mining stocks slipped 1.14 percent, despite the price of iron ore turning around.

BHP Billiton was slightly down 0.14 percent and Rio Tinto was 0. 07 percent lighter.

Fortescue Metals gave up 3.64 percent.

Meanwhile, Qantas was down 0.31 percent and Telstra was up 0.79 percent. Endi