Australia Shares gain lead by banks, telcos

Australian equity market finished session slightly higher on Thursday, 20 April 2017, as bargain hunters bought stocks that were battered in the last few sessions. Most of the ASX sectors advanced, with banks and telecom heavyweights being major gainers, while resources stocks continued to be under pressure from weaker commodity prices. The S&P/ASX 200 index gained 0.3 per cent or 17.39 points to end the session at 5821.40. Declining stocks outnumbered rising ones by 583 to 499 and 354 ended unchanged on the Sydney Stock Exchange. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 0.53% to 13.710.

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