Australian Stock Market Report – Afternoon 8/23/2012

By International Business Times,  August 23, 2012, 08:04:09 AM EDT

MARKET CLOSE
(4.30pm AEST)

Following a slight pullback yesterday, the Australian sharemarket managed to improve for the second time this week. The All Ordinaries Index (XAO) rose by 0.2 pct or 8.5 pts to 4411.8. The index is one of the most popular ways to measure market performance on the local sharemarket.

The miners led the rest of the market higher today, with the S&P/ASX 200 Materials index rising 1.18 pct or 115 pts to 9856.5. Australia's largest listed company, BHP Billiton ( BHP ) rose by 0.75 pct or 25 cents to $33.41 while the smaller Rio Tinto ( RIO ) edged higher by just 0.15 pct to $54.18.

Read More on International Business Times




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



Latest News Video

How to Pick Stocks in This Economic Environment
How to Pick Stocks in This Economic...
How To Grow Your Small Business
How To Grow Your Small Business     
Private Wealth Revives, Managers Face Higher Costs
Private Wealth Revives, Managers Fa...
Private Island on the Thames: $11.7 Million
Private Island on the Thames: $11.7...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
S $ 7 0.32  4.37%
PFE $ 29.10 0.30  1.02%
BAC $ 13.19 0.08  0.60%
MU $ 13.97 0.22  1.60%
SIRI $ 3.37 0.03  0.88%
GE $ 23.98 0.35  1.44%
QQQ $ 72.76 0.82  1.11%
ELN $ 14.15 0.37  2.69%