Australia market extends gain on Greek optimism

The Australian share market closed higher for third straight session on Tuesday, 23 June 2015, as investor confidence strengthened on tracking rally on the Wall Street and in Europe overnight after growing hopes of a debt deal between Greece and its creditors. . Creditors have suggested for the first time that a deal to avert bankruptcy was in sight after Athens submitted a new proposal that made a significant concession on pension cuts. All of the sectors finished higher, with health and telecommunications leading the standouts. The benchmark S&P/ASX 200 Index advanced 74.10 points, or 1.32%, to 5684.30, while the broader All Ordinaries Index gained 68.30 points, or 1.22%, to 5671.40.

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