Australia Market extends gain for fourth day

Australian share market finished session at a new high for 2016 on Thursday, 22 December 2016, as the banks continue to find buyers, offsetting losses in healthcare stocks, with local investors shrugging off a fall in Wall St futures. The S&P/ASX 200 index entered its fourth straight day of gains, up 0.38%, or 21.12 points, at 5,634.47. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 566 to 426 and 315 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 3.01% to 10.217 a new 52-week low.

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