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Australian Stock Market Report – Afternoon 6/5/2012

By International Business Times,  June 05, 2012, 04:29:01 AM EDT

MARKET CLOSE
(4.30pm AEST)

The optimists out there often say things such as "It might be stormy now, but the rain won't last forever". Those words rang true for markets (not so much the actual weather) today in Sydney. Shares rose for the first time in five days, with the All Ordinaries Index (XAO) up 1.5 pct or 59 pts to 4092.4. The market ended close to its best level of the day and improved in the second half of trade (following the central bank's rate cut).

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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

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