Australian Investment Blog

• The ASX 200 again followed suit with the US equity markets, ending slightly lower and trading on the sideline, down 11 points (-0.2%) at 5545.• Both the banking and iron ore sector contributed to the slight weakness in the Australian market today, Westpac (WBC) closed down 30c (-0.9%) at $31.67 and BHP Billiton (BHP) down 33c (-1.2%) at $27.90.• Weakness continued in the retail sector, with Myer (MYR) losing 5.5% to $1.30.• As per this morning’s report we expected further downside in the supermarkets, with Wesfarmers (WES) and Woolworths (WOW) ending 0.3% lower $41.31 and -0.6% at $26.93 respectively.• Please watch out for the Weekend Report tomorrow.

Best Sector – UtilitiesWorst Sector – Materials