Australia Market rises 0.1%

Headline indices of the Australia share market ended marginally higher after seesawing between gains and losses on Thursday, 29 August 2019, as gains in healthcare, financials, energy and materials stocks were more than offset by losses in technology and industrials stocks. At closing bell, the benchmark S&P/ASX200 index inclined 6.76 points, or 0.1%, to 6,507.40, while the broader All Ordinaries added 4.89 points, or 0.07%, to 6,605.66.

Ausdrill shares rose 7.7% after beating its earnings guidance for the third consecutive year and forecasting a stronger result for the 2019-20 financial year. Its shares rose 7.7 per cent to $1.88.

Link Administration shares jumped 9.4% after the announcement of a $262 million share buyback. the company reported an operating net profit 3 per cent weaker than a year ago and cutting its final dividend.

CURRENCY NEWS: The Australian dollar weakened against greenback on Thursday, after the latest private capital expenditure data revealed a fall in business investment and a flat outlook. The Australian dollar changed hands at $0.6728, off highs above $0.676 touched earlier in the trading week.

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