Australia market surges 1% on M&A news

The Australian share market finished the session sharply higher on Monday, 25 May 2015, led by blue-chip lenders and miners as bargain hunters moved in and merger and acquisition activity stirred investor interest. The benchmark S&P/ASX 200 Index advanced 56.80 points, or 1%, to 5721.50, while the broader All Ordinaries Index added 51.70 points, or 0.91%, to 5719.90. Market turnover was relatively light, with 1.85 billion shares changing hands worth of A$3.74 billion.

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