Healthcare stocks leads Australia market rally

The Australian share market advanced for third successive session on Friday, 31 July 2015, on the back of strong performance from health care stocks that helped offsetting weakness in the major resources stocks. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both advanced by 0.5% to 5699.20 and 5681.70, respectively. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, declined 3.9% to 14.55, suggesting a 4.2% swing in the equity benchmark index in the next 30 days.

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