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Bargain hunting spurs Australia Market

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Capital Market
The Australian share market ended higher on first trading session of the week, Monday, 27 July 2015, snapping a three-day losing streak, on the back of bottom fishing in oversold material and resources stocks. But, market gain were limited amid concerns about China's economic growth after weaker-than-expected economic data and on caution ahead of closely-watched events later this week including the Federal Open Market Committee meeting and U.S. gross domestic product data. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index each gained by 0.4% to 5589.90 points and 5579.20 points, respectively. Last week, the S&P/ASX200 benchmark erased 1.8% and the All Ordinaries lost 1.7%.

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First Published: Jul 27 2015 | 3:29 PM IST

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