Australian share market closed higher on Monday, 16 January 2017, boosted by materials and resources stocks, thanks to rise in iron ore and base metal prices. At the closing bell, the benchmark S&P/ASX 200 index inclined 27.30 points, or 0.48%, to 5748.40, while the broader All Ordinaries index added 26.20 points, or 0.45%, to close at 5803.
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