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Markets

Australian Stock Market Report – Afternoon 3-27-13

MARKET CLOSE REPORT

(4.30PM AEDT)

The local market steadily improved throughout the session to end around its highest level of the day. The All Ordinaries Index (XAO) jumped by 0.9 per cent, which has completely made up for yesterday's tumble.

The gains can be attributed to relatively strong performances in most global markets overnight. Despite the rise, many investors are likely to remain concerned about Cyprus and the precedence this week's bailout deal could set for future Eurozone bailouts.

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 Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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