Australia Market rises as investors turn on realty, financials

Australian share market ended higher after recouping initial losses on Tuesday, 10 May 2016, as gains in property trusts, financial, realty and telecom services sectors were more than offset by losses elsewhere. At close of trade, the benchmark S&P/ASX 200 advanced 22.10 points, or 0.42%, to 5342.80. The broader All Ordinaries grew 16.10 points, or 0.3%, to 5403.90. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 595 to 454 and 346 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 3.16% to 18.306.

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