Sharemarket Wrap 25 July 2012
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The All Ordinaries Index fell 9.8 points to end the day 0.2% lower at 4,151.4.
Atlas Iron Limited (AGO) ended the day 3.7% lower to close at $1.69 after announcing that it shipped 1.5m tones during the June 2012 quarter, up 25% on the March quarter, and consistent with the company's previous guidance.
Leighton Holdings Limited (LEI) ended the day 1.6% lower to close at $15.72 after announcing that AirportlinkM7, Australia’s newest and longest road tunnel, was officially opened to traffic on 24 July 2012. AirportlinkM7 is located in Brisbane.
In Europe stocks pared their advance as a report showed the U.K. economy shrank the most in three years last quarter, offsetting a rally by carmakers. U.S. index futures were little changed, while Asian shares retreated.
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Source: ASX, Reuters, Lonsec