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Australia stocks rise for the first time in four

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Australian share market advanced for the first time in four consecutive days on Thursday, 10 July 2014, as investors chased for value buying following recent selloff and a solid rebound in the US market overnight. However, the rise on the upside was limited after the news that domestic unemployment has reached a 10-year high and some worse than forecast Chinese trade data. Most of the ASX sectors closed higher, with shares in industrials, materials, energy, realty and consumer discretionary sectors being the biggest gainers. The benchmark S&P/ASX200 and the broader All Ordinaries each grew 0.22% to 5464.40 and 5454.30, respectively.

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First Published: Jul 10 2014 | 4:46 PM IST

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