Aussie shares gain more than 0.6%
Australian shares closed higher today with the S&P/ASX 200 and All Ords up over 0.6 per cent.
The S&P/ASX 200 gained 27.3 points or 0.66 per cent to 4171.
The All Ords increased 27.7 points or 0.65 per cent to 4262.1.
Among the major miners, BHP Billiton increased $0.25 or 0.73 per cent to $34.30 and Rio Tinto was $0.24 or 0.38 per cent higher to $62.66.
To financials, ANZ put on $0.04 or 0.18 per cent to $21.79, CBA was $0.38 or 0.8 per cent higher to $48.04, NAB gained $0.31 or 1.34 per cent to $23.38 and Westpac was up $0.11 or 0.54 per cent to $20.41.
In energy, Woodside Petroleum increased $0.66 or 1.88 per cent to $35.70, Santos put on $0.54 or 3.97 per cent to $14.14 and Oil Search was up $0.16 or 2.31 per cent to $7.08.
And to the retailers, Woolworths lost $0.07 or 0.28 per cent to $25.08, while Wesfarmers gained $0.07 or 0.24 per cent to $28.65.
In news, Australia’s unemployment rate rose to 5.2 per cent in February from 5.1 per cent. The number of people employed fell by 15,400.
To Asia and the Nikkei was 157.61 points or 1.65 per cent higher to 9733.67 and the Hang Seng was up 189.38 points or 0.92 per cent to 20,817.16.
The Australian dollar was buying 106.11 US cents, 67.2 pence Sterling, 80.5 euro cents and 86.19 Japanese yen.
Published on: Friday, March 09, 2012blog comments powered by Disqus
Today on Switzer
My call on the ASX/S&P 200 might have been ordinary but it's time to remind readers of some of the great calls on Switzer Daily. If you'd followed my optimism back in March 2009, you would be thanking me now!
The Prime Minister performed well under pressure earlier this week as the tragic events of the Martin Place siege unfolded. Unfortunately it won't be enough to fix his political mess.
So much for the argument that the US doesn't have dynasties like the Monarchy. It could very well be Bush versus Clinton again in another episode of Family Feud!
Ever since May, we've all been overcome with the Budget blues and the proposed cuts to spending. It's no wonder that consumer confidence is shot and businesses are starting to vent their anger.
Justin Brown and Mark Bakacs of IdeaPod talk with Peter about the 'idea' behind their social media start up. (Broadcast Monday 8 December 2014.)
We might be hitting the stores with bells on, but the recent spate of Christmas commercials haven't been particularly exciting or thought provoking.