Australia market joins global rally after ECB stimulus comments

The Australian share market closed sharp higher on Friday, 23 October 2015, taking heart from the improved risk sentiment after the European Central Bank signaled its readiness to inject more stimulus. All 10 ASX sectors advanced, with consumer staple, consumer discretionary, financial, realty, material, energy and industrial issues being major gainers. The benchmark S&P/ASX 200 index rose 87.80 points, or 1.67%, to 5351.60 points, while the broader All Ordinaries index added 88.50 points, or 1.67%, to 5388.10 points.

Powered by Capital Market - Live News