Australia Market surges to 3-week high

Australian share market advanced in a shortened Christmas Eve session on Thursday, 24 December 2015, on following supportive global cues. Investors' sentiment remained firm after stabilization in commodity prices as crude climbed to a two-week high and industrial metals gained on optimism that the Chinese and American economies will spark demand for resources. All ASX industry groups, barring industrial, advanced, with shares of material, energy, and financial sectors being major gainers. At the close, the benchmark S&P/ASX 200 index ended 65.80 points, or 1.28%, up at 5207.60 points, a highest level since 3 December 2015 when it closed at 5227.70, while the broader All Ordinaries index grew 63.60 points, or 1.21%, to 5256.10 points. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, declined 3.6% at 15.44, suggesting 4.4% swing in the equity benchmark index in the next 30 days.

Powered by Capital Market - Live News