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MARKET CLOSE
(4.30pm AEST)

The Australian sharemarket gained for the fifth time in six days today and is trading around two month highs. The All Ordinaries Index (XAO) rose by 1.1 pct or 47.4 pts to 4213.8. Despite the gains, investors still stayed away from the market today due to a U.S public holiday tonight (American markets closed tonight).

Companies involved with commodities led the charge higher, partly thanks to expectations that the European Central Bank (ECB) will announce further stimulus measures. The world's largest miner, BHP Billiton ( BHP ) gained 2.11 pct or 67 cents to $32.47 while the smaller Rio Tinto ( RIO ) jumped by 2.7 pct or $1.55 to $58.97. Iron ore miner Fortescue Metals (FMG) improved by 3.7 pct or 18 cents to $5.05. The company was founded by Andrew Forrest, one of Australia's richest people.

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