Newspaper article The Morning Bulletin (Rockhampton, Australia)

International Leads Boost Local Stocks

Newspaper article The Morning Bulletin (Rockhampton, Australia)

International Leads Boost Local Stocks

Article excerpt

THE Australian share market closed firmly in the black yesterday following positive overseas leads, stronger commodity prices and continuing improvements in domestic employment data.

The benchmark S&P/ASX200 index was up 79.5 points, or 1.75 per cent, at 4652.5 points, while the broader All Ordinaries index put on 79.6 points, or 1.73 per cent, to 4679.3 points.

On the Sydney Futures Exchange, the June share price index futures contract was 88 points higher at 4671 points, on volume of more than 31,000 contracts.

City Index head of dealing Asia Pacific Michael McCarthy said local shares had recovered all of the dramatic losses of last week and moved higher on solid volumes.

"Most sectors have moved ahead, with medium-sized resource and finance stocks particularly bright."

BHP Billiton was up 67 cents, or 1. …

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