Energy, mining stocks lead Australia market rally

The Australian share market enjoyed a strong rally for second straight day on Thursday, 30 July 2015, with most of sectors finishing in the green, led by energy and materials on the back of a surge in the crude oil iron ore price overnight. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both advanced by 0.8% to 5669.50 and 5653.10, respectively. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, declined 3.7% to 15.11, suggesting a 4.4% swing in the equity benchmark index in the next 30 days.

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