Newspaper article The Morning Bulletin (Rockhampton, Australia)

All Ordinaries Slip over 5000 Level with Gains

Newspaper article The Morning Bulletin (Rockhampton, Australia)

All Ordinaries Slip over 5000 Level with Gains

Article excerpt

AUSTRALIAN shares have risen slightly, taking the All Ordinaries over 5000 points for the first time in 10 months, as investors waited on the release of Rio Tinto's first half result and analysed other profit reports.

The benchmark S&P/ASX 200 index gained 9.6 points, or 0.2%, to 4914.4, while the broader All Ordinaries index added 6.6 points, or 0.13%, to 5001.7 points.

It is the first time the All Ordinaries closed above 5000 points since April 16, 2010.

On the ASX 24, the March share price index futures contract was 13 points higher at 4888, with 25,780 contracts traded.

IG Markets analyst Cameron Peacock said the major indices' minimal movements during Thursday's session, despite a mixed lead from Wall Street, was an encouraging sign.

aThe fact the market has managed to stay in the green and above 4900 (for the ASX 200) is certainly a reflection of the current positive investor sentiment and a sign the market wants to go higher,a he said. …

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