Australian Stock Market Report – Afternoon 9/12/2012

By International Business Times,  September 12, 2012, 04:39:30 AM EDT

MARKET CLOSE
(4.30pm AEST)

The Australian sharemarket improved for the second time this week today and ended close to the daily highs. The All Ordinaries Index (XAO) rose 0.8 pct or 34.8 pts to 4383.1, with almost all sectors closing in the black.

The mining sector was the day's best, with the S&P/ASX 200 Materials index rising by 1.11 pct or 107.2pts to 9755.4. The country's second largest resource company, Rio Tinto ( RIO ) jumped by 1.03 pct or 56 cents to $55.09 while the larger BHP Billiton ( BHP ) rose by 0.83 pct or 27 cents to $32.85.

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



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