Retailer drives Australia market rally
Capital Market The Australian share market enjoyed a modest gain on Tuesday, 4 August 2015, as strength in utilities, drug maker and consumer goods stocks after strong retail sales data were more than offset by weakness in energy and material stocks after pullback in commodity prices. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both advanced by 0.3% to 5697.90 and 5681.90, respectively.
Australian retail turnover rose seasonally adjusted 0.7% in June following a rise of 0.4% in May 2015, according to Australian Bureau of Statistics Retail Trade figures released on Tuesday.
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