Australia Market extends gain to eighth day

Australian share market advanced for eight consecutive sessions on Tuesday, 29 December 2015, the longest stretch of gains seen since early February this year. All sectors except the materials sector recorded gains, with gains were led by consumer staples and discretionary issues. Financials were also in demand. At the close, the benchmark S&P/ASX 200 index ended 59.70 points, or 1.15%, up at 5267.30 points, while the broader All Ordinaries index grew 59.50 points, or 1.13%, to 5315.60 points. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, rose 5.4% at 16.33, suggesting 4.6% swing in the equity benchmark index in the next 30 days. Australia market was closed on Monday in observance of Boxing Day.

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