Australia Market extends gain to sixth day

Australian share market advanced for sixth-straight session on Wednesday, 23 December 2015, as appetite for risk assets boosted up amid growing investor confidence in the U.S. and Chinese economies. Total eight out of ten ASX industry group rallied, with shares of material and energy sectors leading advancers. At the close, the benchmark S&P/ASX 200 index ended 25.10 points, or 0.49%, up at 5141.80 points, while the broader All Ordinaries index grew 25.80 points, or 0.5%, to 5193.50 points. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, declined 5.13% at 15.99, suggesting 4.6% swing in the equity benchmark index in the next 30 days.

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