Australia Market extends gain on financials

Australian stock market finished higher on Tuesday, 24 April 2018, as risk sentiments underpinned by expectations that interest rates will remain accommodative for some time yet after benign inflation data. Among ASX sectors, almost all sectors were stronger, with financial sector accounted for most of the gains on benchmark index, though the upside was capped by losses in materials on an extended slide in aluminium prices. At the close, the S&P/ASX 200 index ended up 0.6% or 35.6 points at 5,921.60, extending a 0.3% rise on Monday. The broader All Ordinaries index gained 33.4 points, or 0.56%, to 6,009.4 points. Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 618 to 604 and 355 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 0.71% to 11.666.

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