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All Ords above 5,000

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Published on: Thursday, April 15, 2010

Australian shares closed higher today with the All Ords up over 5,000 again.

The S&P/ASX 200 put on 43.1 points or 0.87 per cent to 4,994.7.

The All Ords was 39.5 points or 0.79 per cent higher to 5,017.9.

Among the major miners, BHP Billiton was $0.15 or 0.34 per cent higher to $43.99 and Rio Tinto gained $0.60 or 0.75 per cent to $80.10.

In financials, CBA put on $1.13 or 1.95 per cent to $59.22, Westpac was $0.45 or 1.62 per cent higher to $28.20, ANZ added $0.49 or 1.93 per cent to $25.91 and NAB rose $0.38 or 1.38 per cent to $27.93.

Macquarie Group announced Macquarie Bank will acquire an aircraft operating lease portfolio from International Lease Finance Corporation. Of the 53 aircraft, it will acquire 47 for US$1,671 million. Rights to purchase the other six aircraft will be transferred to Macquarie AirFinance Limited. Macquarie shares were US$0.40 or 0.8 per cent higher to US$50.40.

In gold mining, Lihir Gold put on $0.01 or 0.26 per cent to $3.93 and Newcrest Mining was $0.18 or 0.52 per cent lower to $34.23.

To energy, and Woodside Petroleum fell $0.15 or 0.32 per cent to $46.85, Santos was $0.16 or 1.09 per cent higher to $14.80 and Oil Search added 0.01 or 0.17 per cent to $5.91.

And in retail, Woolworths was $0.04 or 0.14 per cent lower to $27.73 and Wesfarmers rose $0.42 or 1.3 per cent to $32.70.

In news, Telstra said the “market rumour” regarding the conclusion of National Broadband Network negotiations is “unfounded” and that negotiations are continuing. Shares fell $0.01 or 0.31 per cent to $3.18.

Singtel shares were $0.03 or 1.2 per cent higher to $2.46.

Transurban announced that March quarter proportional toll revenue from the continuing portfolio, excluding the impact of the CityLink revenue protection provision in the same quarter last year, was up 9.4 per cent. Shares were $0.07 or 1.4 per cent higher to $5.19.

And in other news, the Westpac- Melbourne Institute Consumer Sentiment Index dropped by one per cent in April to 116.1 from 117.3 in March.

“This is a surprisingly strong result,” said Westpac’s chief economist, Bill Evans. “Despite a second consecutive increase in the standard variable mortgage rate of 0.25 per cent in April the Index has hardly moved.”

Around Asia, the Nikkei was 46.6 points or 0.42 per cent higher to 11,207.8 and the Hang Seng lost 13.7 points or 0.06 per cent to 22,089.8.

The Australian dollar was buying 93.17 US cents, 60.4 pence Sterling, 68.24 Euro cents and 87.04 Japanese yen. 


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