Australia Market ups 0.8% on bottom fishing

Last Updated : Jun 03 2016 | 6:01 PM IST

Australian share market advanced for second time this week on Friday, 03 June 2016, as investors chased for bottom fishing on recently beaten down stocks. The stocks fell during midweek amid worries over global issues such as "Brexit", coupled with the release of strong domestic growth data that could spell the end to Reserve Bank rate cuts. At close of trade, the benchmark S&P/ASX 200 index advanced 40 points, or 0.76%, to 5318.90. The broader All Ordinaries grew 38.30 points, or 0.72%, to 5392.50.

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Australia Market ups 0.8% on bottom fishing