A rally in healthcare and consumer stocks has helped nudge the Australian sharemarket to a three-month high, offsetting continued weakness in mining and oil stocks. While defensive stocks were the pick of the day, overnight falls in commodity prices weighed on the materials and energy sectors, with iron ore slumping to a five-year low and and crude oil giving up ground. At the 4.15pm (AEDT) official market close, the benchmark S&P/ASX200 index was up 45.4 points, or 0.83 per cent, at 5,547.2, while the broader All Ordinaries index rose 43.3 points, or 0.79 per cent, to 5,511.5. Todays close brings the market to its highest point since November 7 last year, when the benchmark index hit 5549.1 points.
Posted on: Tue, 27 Jan 2015 09:52:56 +0000
Trending Topics
Recently Viewed Topics
© 2015