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Australia Market gains on banks strength

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Australian ended modest higher on Friday, 16 June 2017, buoyed in large part by a rebound by the banks that more than offset the drag of mining stocks. The S&P/ASX 200 finished up 10.8 points, or 0.2%, at 5774.0.

The benchmark S&P/ASX 200 grew 1.7% over a holiday-shortened week, taking back the bulk of last week's slump. For the session, 2.83 billion shares were traded with a value of A$8.09 billion

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 16 2017. 16:59 IST