Australia Market hits 9-month high

Australian share market finished the session higher on Friday, 27 May 2016, spurred by the big banks and healthcare stocks. At close of trade, the benchmark S&P/ASX 200 index inclined 17.80 points, or 0.33%, to 5405.90. The broader All Ordinaries added 17.80 points, or 0.33%, to 5469.70. The gains put the market up 1 per cent for the week, the highest close since August last year. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 550 to 442 and 335 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 3.72% to 16.151 a new 1-month low.

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