Australia Market extends gain to fourth day

Australian share market closed higher for the fourth straight session on Tuesday, 12 July 2016, as gains in materials and resources and financials stocks were more than offset by losses in bullion, utilities, energy, and consumer goods stocks. At close of trade, the benchmark S&P/ASX 200 index advanced 16.10 points, or 0.3%, to 5353.70. The broader All Ordinaries climbed up 15.70 points, or 0.29%, to 5433.20. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 622 to 450 and 349 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 4.10% to 16.688.

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