Business News
Australian shares put on more than 1%
by Andrew Newton Brown
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.
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Published on: Tuesday, January 10, 2012
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