Australia Market gains on Tatts-Tabcorp merger

Australian share market extended gains into a second session on Wednesday, 19 October 2016, with sentiments boosted up by Tatts-Tabcorp merger deal and Chinese government data that showed the Chinese economy grew in line with expectations for the July-September quarter. At the closing bell, the benchmark S&P/ASX 200 index advanced 24.60 points, or 0.45%, to 5,435.40, while the broader All Ordinaries index was up 26.40 points, or 0.48%, to 5,518.40. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 650 to 401 and 293 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 5.20% to 13.274.

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