Australia market jumps 0.6% on iron ore and oil prices rally

The Australian share market closed higher on Wednesday, 08 April 2015, on the back of gains in the shares of energy, resources and materials sectors. But a mixed performance by the big banks kept the overall market in check. The benchmark S&P/ASX 200 Index advanced 34.70 points, or 0.59%, to 5960.70, while the broader All Ordinaries Index grew 35.10 points, or 0.6%, to 5928.30. Market turnover was healthy, with 1.52 billion shares changing hands worth of A$4.22 billion.

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