Australia market ends higher

Australian share market finished slight higher on Wednesday, 16 July 2014, as gain in materials, energy and realty stocks were more than offset by weakness in banking stocks. The benchmark S&P/ASX 200 Index rose 7.60 points, or 0.14% to 5518.90, while the broader All Ordinaries Index added 8.80 points, or 0.16%, to 5504.50.

Sydney shares started Wednesday's trade in positive territory. But after 30 minutes the market had lost momentum and traded in the red. The local shares recouped lost ground late afternoon after release of the Chinese economic numbers for the June.

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