Australian shares put on more than 1%
Australian shares closed more than one per cent higher today.
The S&P/ASX 200 rose 46.8 points, or 1.14 per cent, to 4152.2.
The All Ords increased 45.1 points, or 1.08 per cent, to 4206.6.
Among the major miners, BHP Billiton put on $0.46, or 1.31 per cent, to $35.65 and Rio Tinto gained $1.05, or 1.69 per cent, to $63.20.
In financials, CBA was up $0.38, or 0.77 per cent, to $49.78, ANZ added $0.21, or 1.02 per cent, to $20.75, NAB put on $0.13, or 0.56 per cent, to $23.50 and Westpac increased $0.21, or 1.05 per cent, to $20.20.
To energy, Woodside Petroleum was up $0.45, or 1.45 per cent, to $31.42, Santos rose $0.38, or 3.1 per cent, to $12.63 and Oil Search added $0.07, or 1.1 per cent, to $6.45.
In retail news, Pacific Brands announced it had received an unsolicited acquisition approach from KKR. Pacific Brands’ shares jumped $0.08, or 14.29 per cent, to $0.64.
Woolworths was up $0.17, or 0.67 per cent, to $25.50 and Wesfarmers added $0.24, or 0.79 per cent, to $30.64.
In other news, building approvals increased 8.4 per cent in November, seasonally adjusted, after falling of 10 per cent in October, according to the Australian Bureau of Statistics.
To Asia, the Nikkei had risen 32.68 points, or 0.39 per cent, to 8423.03 and the Hang Seng was 162.31 points, or 0.86 per cent, higher to 19,028.03.
The Australian dollar was buying 103.07 US cents, 66.57 pence Sterling, 80.6 euro cents and 79.14 Japanese yen.
Published on: Wednesday, January 11, 2012blog comments powered by Disqus
Today on Switzer
The Australian share market has retreated on the eve of Australia’s company earnings season.
Crunching the numbers: how are the country’s leading CFOs seeing the economy right now? Deloitte's Keith Skinner reveals the results of the latest quarterly survey, which shows optimism has hit a speed bump. (Broadcast Thursday 31 July 2014.)
With the local stock market resisting gravity, is this a positive sign of what’s to come? Michael McCarthy from CMC Markets discusses the health of the market. (Broadcast Thursday 31 July 2014.)
The Dow dropped over 300 points? Time to panic? No, this could be the overdue buying opportunity.
Global shares had a poor week with a range of issues reportedly weighing with more sanctions on Russia and worries about the Fed, earnings, Banco Espírito Santo and Argentina's "default”.
For a coalface view of the financial planning industry and what can be done to improve the profession’s image, financial planner David Hardman shares his views. (Broadcast Wednesday 30 July 2014.)