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Australian stock market slips again

Xinhua, July 27, 2015 Adjust font size:

The Australian share market entered its fourth day of decline on Monday.

Weaker commodity prices were the main anchor on share prices.

The benchmark S&P/ASX200 fell 19 points, or 0.34 percent, to 5547.1, while the broader All Ordinaries index dipped 19 points, or 0.34 percent, to 5537.8.

Consumer discretionary stocks led the decline, down 0.88 percent overall.

In mining, BHP Billiton was down 0.91 percent while Rio Tinto was down 0.94 percent.

The financial sector fared better, down 0.19 percent, with ANZ off 0.37 percent and the Commonwealth Bank shedding just 0.01 percent. The National Australia Bank slipped 0.5 percent and Westpac retreated 0.29 percent.

Consumer staples were also weaker, falling 0.31 percent. Wesfarmers dipped 0.27 percent and Woolworths lost 0.29 percent. Endi