Australian Stock Market Report – Afternoon 3-11-13

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AFTERNOON REPORT
(5pm AEDT)

Despite a flat start, the Australian share market has closed higher thanks to strong gains from financial stocks and another rise on the Japanese sharemarket.

The All Ordinaries Index added 22.5pts today to close at 5160pts, its highest level since September 2008.

There were public holidays today in the ACT, Victoria and South Australia.

Mixed data out of China over the weekend saw some weakness in the materials sector, with index leader BHP Billiton ( BHP ) falling 27c to $35.82 and Rio Tinto ( RIO ) off $1.26 to $63.10.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

Referenced Stocks: BHP , RIO

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