Bradken Limited
ASX:BKN ISIN:AU000000BKN3
Manufacturer and supplier of consumable cast steel products and associated maintenance and refurbishment services to the Australian resources and rail freight industries. The Company's product range includes ground engaging tools, crawler systems, mill and crusher liners, freight wagon, rail bogies and engineered products.
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News
The Australian market yesterday experienced its worst day in a year with a massive 3.1 per cent drop, wiping off more than A$40 billion value from the local market. Asian shares also saw broad sell-off on Monday due to the lingering euro zone debt issue. After flat lead from Wall Street, the Australian share market rose slightly at opening on Tuesday and soon moved back to negative territory.
Australian shares fell on Tuesday led by financials sector as investors remained concerns over Europe's financial health. At the close, the benchmark S&P/ASX200 index was down 16.3 points, or 0.4 per cent, at 4505.1. The broader All Ordinaries index fell 18.1 points, or 0.4 per cent, to 4520.7.
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