Sims Metal Management Limited

The Australian stock market closed almost 2% lower yesterday amid concerns on the short selling ban, as well as over the effectiveness of the US government's proposed bailout of the financial sector. Analysts said investors are waiting for some real clarity from the government.

The share market closed firmly in the black yesterday, driven by gains in resources and finance stocks following a positive lead from Wall Street. And US stocks gained for a third day overnight led by manufacturers and financial companies.

Sims Group Limited.