Australia stocks rally rise amid earnings news, Toll takeover deal

The Australian share market ended stronger on Wednesday, 18 February 2015, on the back of belter than expected earnings from bellwether companies and takeover news of Toll Holdings. News of a likely extension for Greek bailout talks and a modestly positive finish for Wall Street also helped support shares. The S&P/ASX200 closed 57.50 points, or 0.98%, lower at 5919.20, while the All Ordinaries grew 55.60 points, or 0.95%, to 5877.90. Market turnover was relatively thin, with 1.86 billion shares changing hands worth of A$5.83 billion.

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