THE Australian share market finished more than 0.4 per cent higher following a wave of investor enthusiasm in Japan and the US.
CommSec market analyst Juliette Saly said local shares finished strongly after a slow start as Japanese shares pushed higher on Monday afternoon.
"We've had a good start to the trading week, riding on the coat tails of what we saw coming through from offshore markets on Friday," Ms Saly said.
"We had pretty good movement coming through in the Asia region again which helped kicked things along."
Tokyo shares added 0.92 percent Monday morning thanks to a weakening yen and as traders followed another record finish for the Dow on Wall Street.
The benchmark Nikkei 225 index added 112.93 points to 12,396.55.
However, official data released in China over the weekend showed that Chinese inflation rose to a 10-month high in February while growth in industrial production and retail sales slowed.
Locally, Australia's mining companies lost ground as investors examined the Chinese data.
Global miner BHP Billiton was 27 cents weaker at $35.82, and Rio Tinto backtracked $1.26 to $63.10.
Among the major banks, National Australia Bank climbed 54 cents to $31.64, ANZ lifted eight cents to $29.20, Commonwealth Bank firmed 30 cents to $70.13, and Westpac was flat at $31.25.
Building products company CSR was six cents higher at $2.16 after it announced it would cut 150 jobs from its glass business in response to the high Australian dollar and low construction activity.
Construction and mining firm Leighton Holdings gained 44 cents to $22.48 as its subsidiary, Thiess, won a $212 million contract for work on Chevron's $52 billion Gorgon project in Western Australia.
KEY FACTS
* At the close on Monday, the benchmark S&P/ASX200 index was up 23.5 points, or 0.46 per cent, higher at 5,146.9.
* The All Ordinaries index was up 22.7 points, or 0.44 per cent, at 5,160.2 points.
* The March share price index futures contract was up 28 points at 5,151, with 21,926 contracts traded.
* National turnover was 1.5 billion securities worth $3.5 billion.
Anda sedang membaca artikel tentang
Aust shares open higher
Dengan url
http://suarabisikan.blogspot.com/2013/03/aust-shares-open-higher.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Aust shares open higher
namun jangan lupa untuk meletakkan link
sebagai sumbernya
0 komentar:
Posting Komentar