Australian equity market ended higher for the first time in three consecutive sessions on Thursday, 22 June 2017, as banks rebounded after two straight sessions of losses and mining stocks benefited from a rise in commodity prices. However, market gains capped after South Australia state announced plans for a fresh tax on the country's biggest lenders that will have the same structure as a new federal levy. The S&P/ASX 200 index closed 0.7 per cent or 40.28 points higher to at 5,706. Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 638 to 512 and 402 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 6.68% to 13.451.
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