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Australia market snaps six-day losing streak

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Capital Market
The Australian share market closed above the neutral line for the first time in seven consecutive sessions on Wednesday, 10 June 2015, propelled by value buying among recently oversold stocks. Most of the ASX sectors advanced, with top-weighted energy, bullion, resources, and realty stocks being major winner of the day, offsetting weakness in the telecom, healthcare and retailer counters. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both added 0.1% to close at 5478.60 and 5486 points, respectively. Market turnover was relatively flat, with 1.59 billion shares changing hands worth of A$3.15 billion.

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First Published: Jun 10 2015 | 2:42 PM IST

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