Australia market rises to fresh four months high

Last Updated : Jan 27 2015 | 7:00 PM IST

The Australian share market advanced on Tuesday, 27 January 2015, as larger-than-expected economic stimulus from the European Central Bank continued to drive investors to reshuffle their portfolios toward higher-yielding assets. Among sectors, gains among the big four banks, Telstra and healthcare companies offset a slide in the resources sector. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both rose by 0.8% to 5547.20 and 5511.50, respectively, a strongest close since mid-September 2014.

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Australia market rises to fresh four months high