Australia market rises for third day

Australian share market advanced for third consecutive session on Friday, 19 December 2014, joining the global rally, on tracking its cue from continued gains on Wall Street overnight after the Federal Reserve signalled it was in no rush to lift interest rates. The benchmark S&P/ASX 200 index advanced 127.80 points, or 2.45%, to close at 5338.60, while the broader All Ordinaries index added 123 points, or 2.37%, to 5312.70. Market turnover was relatively healthy, with 2.15 billion shares changed hands worth of A$6.39 billion. Total of 944 stocks were up, while 469 were down. For the week, the ASX200 rose 2.3%, while the All Ordinaries added 2.2%.

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