Australia Market extends gain as miners

Australian share market ended higher on Tuesday, 07 June 2016, on the back of strength in energy and materials stocks. But gains were limited as many traders were disappointed that the RBA statement offered no hints on further easing, which led them to exit earlier bets on an imminent rate cut. At close of trade, the benchmark S&P/ASX 200 index advanced 10.60 points, or 0.2%, to 5371. The broader All Ordinaries grew 10 points, or 0.18%, to 5441. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 518 to 496 and 339 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 2.46% to 16.769.

Powered by Capital Market - Live News