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Australian Stock Market Report – Afternoon 3-11-13

By: International Business Times
Posted: 3/11/2013 2:42:00 AM
Referenced Stocks: BHP;RIO

(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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