The Australian share market advanced for tenth consecutive session, closing nearly seven-year high on Wednesday, 04 February 2015. The investment sentiments underpinned by the Reserve Bank's historic decision to cut the cash rate to a new low coupled with surge in commodities prices and a rally for U.S. stocks overnight. Meanwhile, hopes for a solution to the Greek debt standoff added to the upbeat mood. The benchmark S&P/ASX 200 Index rose 1.22% to 5777.30, a highest level since May 2008. The broader All Ordinaries Index gained 1.19% to 5733.70.
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