Australian share market closed sharply higher on Wednesday, 25 May 2016, as risk appetite buying underpinned on tracking strong lead from European and US markets overnight and rebound in crude oil and base metal prices. Barring bullion all ASX sectors surged, with energy, telecom, financial, and material companies being major gainers. At close of trade, the benchmark S&P/ASX 200 index inclined 76.90 points, or 1.45%, to 5372.50. The broader All Ordinaries added 74.90 points, or 1.4%, to 5436.80. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 592 to 418 and 358 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 6.21% to 16.796.
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