Australia market extends gain after Fed rate decision

The Australian share market advanced for third consecutive session on Friday, 18 September 2015, as risk sentiments improved after the US Fed kept the interest rates on hold at its latest policy meeting. The gain was also bolstered after the governor of the Reserve Bank presented an optimistic view about the Australian economy. The decision boosted the demand for major bullion, big banks, property trusts, and industrial stocks. The benchmark S&P/ASX 200 index advanced 23.70 points, or 0.46%, to 5170.50 points. The broader All Ordinaries index ended up 23.10 points, or 0.45%, at 5194.30.

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