Australia stocks rise in post-holiday return

Australian share market closed sharp higher on Monday, 29 December 2014, as investors returned from a four-day holiday with cheerful note, thanks to positive cues from US and reports that new bank rules in China will help spur lending. All sectors advanced, with shares in bullion, mining, energy retailer and consumer goods companies being major gainers. The benchmark S&P/ASX 200 Index added 1.47% 5473.80 points and the broader All Ordinaries Index climbed 1.44% or 144% to 5447.5 points. Market turnover was relatively thin, with 923.31 million shares changing hands worth of A$2.57 billion with many fund managers and brokers away for the holidays.

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