Australia Market rises on resources rally

Last Updated : May 17 2016 | 6:28 PM IST

Australian share market closed higher on Tuesday, 17 May 2016, as risk appetite improved with positive finish of Wall Street overnight and the rise in crude oil prices. Almost all ASX sectors advanced, with shares of Energy, Resources and Metals & Mining companies being major gainers. At close of trade, the benchmark S&P/ASX 200 index advanced 37 points, or 0.69%, to 5395.90. The broader All Ordinaries grew 38.20 points, or 0.7%, to 5458.50. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 609 to 446 and 340 ended unchanged.

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Australia Market rises on resources rally