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Inside Markets - Australian wrap 16/7/09

Switzer Daily
16 July 2009

The Australian share market finished the day higher after positive results on Wall St overnight.

The S&P/ASX 200 rose 71.1 points or 1.81 per cent to 3995.6, and was above 4000 points for part of the day.

The All Ords gained 70.3 points or 1.79 per cent to 3987.8.

By industry, energy was up 250.2 points or 1.77 per cent, materials rose 248.2 points or 2.49 per cent, industrials increased 56.7 points or 1.91 per cent, financials gained 64.6 points or 1.73 per cent, and utilities were up 63.9 points or 1.57 per cent. Telecommunications services were down 4.3 points or 0.36 per cent.

BHP Billiton rose $0.61 or 1.78 per cent to $34.91, while rival miner Rio Tinto gained $2.32 or 4.63 per cent to $52.40.

Energy shares were higher. Woodside Petroleum rose $0.51 or 1.25 per cent to $41.40. Santos put on $0.35 or 2.58 per cent to $13.92.

Retailer Wesfarmers was up $0.52 or 2.26 per cent to $23.50. Woolworths advanced $0.59 or 2.20 per cent to $27.42. Westfield put on $0.26 or 2.32 per cent to $11.45.

Among the banks, NAB gained $0.60 or 2.57 per cent to $23.95, Westpac was up $0.22 or 1.10 per cent to $20.18, the Commonwealth Bank increased $0.59 or 1.52 per cent to $39.41 and ANZ was up $0.15 or 0.91 per cent to $16.55.

Macquarie Group rose $1.15 or 3.03 per cent to $39.06.

The Nikkei had gained 74.9 points or 0.81 per cent to 9344.2.

The Hang Seng was up 294.9 points or 1.62 per cent to 18553.6.

Oil was at US$61.70 a barrel and the Oz dollar bought 79.88 US cents.


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