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Australian stocks increase
Australia, May 19, 2010 – According to the latest report the Australian share market has been increased today after the US markets control to close in positive territory after trading of the session. The exact figures stated at 10:10am AEST, the benchmark S&P/ASX200 index had lifted 35.3 points, or 0.79 per cent, to 4502.5 points, while the broader All Ordinaries index had gained 33.3 points, or 0.74 per cent, to 4534.0 points. Sydney Futures Exchange, the June share price index futures contract was 14 points higher at 4509 points, on volume of 11,360 contracts. Global miner BHP Billiton improved 54 cents to $37.43 and Rio Tinto added 59 cents to $64.74. Woodside Petroleum gained 32 cents to $43.57, and Santos climbed five cents to $12.85.
Large banks’ including Westpac has stated to have 26 cents at $23.54, Commonwealth Bank supporting 40 cents to $52.44, National Australia Bank rise up 10 cents to $24.95 however ANZ decline by 15 cents to $22.00.
According to the report from Wall Street the changes on stocks market has been seen with most of the investors compare the euro’s to dollars.
From the statement of CMC market analyst David Taylor said that the local bourse have a huge potential for the trading on the market. However most of the investors are still looking for bargain after the Monday’s sharp sell-off.
Source:
news.com.au
