Australia shares fall; GrainCorp lifts on forecast
Posted on May 12th, 2009 in australian stocks online, cent, Finance, micro cap, penney, penni, pennyhopefuls, perth, queensland, small, sydney, US markets
(Adds GrainCorp, Kagara, AJ Lucas, Pacific Brands and GPT) MELBOURNE, May 13 (Reuters) – Australian stocks fell 0.7percent on Wednesday, dragged lower by concern that capitalraisings will keep mopping up cash, while Commonwealth Bank ofAustralia <CBA.AX> fell after cutting its dividend.
