Australia Market rebounds on bargain hunting

Australian share market advanced for the first time in last five sessions on Monday, 07 November 2016, on the back of bottom fishing in recently battered stocks amid positive developments on US election front as the FBI said Hillary Clinton would not face charges over her use of a private email server. Every industry category on the main section except bullion issue gained ground, led by healthcare, energy, financials, information technology, consumer discretionary issues. At the closing bell, the benchmark S&P/ASX 200 index surged 70 points, or 1.35%, to 5,250.80, while the broader All Ordinaries index rebounded 67.80 points, or 1.29%, to 5,330.90.

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