Australia Market gains; energy firms lead on OPEC deal

Australian share market finished higher on Thursday, 29 September 2016, on the back of overnight gain in the Wall Street and the spike in crude oil prices. Almost all ASX sectors inclined, with energy, materials, industrials, and financial stocks being major gainers. At close of trade, the benchmark S&P/ASX 200 index rose 58.90 points, or 1.09%, to 5,471.30, while the broader All Ordinaries index was up 58 points, or 1.05%, to 5,558.20. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 716 to 396 and 345 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 2.26% to 13.612.

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