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Article: STOCKS - AUSTRALIAN SHARES CLOSE SHARPLY HIGHER - OCT 7, 2009.
- Article from:
- AsiaPulse News
- Article date:
- October 7, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PERTH, Oct 7 Asia Pulse - The Australian share market closed more than two per cent higher Wednesday, driven by gold stocks after precious metal's price surged to a record high overnight, and as investors viewed Tuesday's interest rate rise as a positive sign for the economy.
The benchmark S&P/ASX200 index was up 104.1 points, or 2.27 per cent, at 4695.7 points, while the broader All Ordinaries index gained 98.6 points, or 2.14 per cent, to 4695.8 points.
On the Sydney Futures Exchange at 1621 AEDT, the December share price index contract was 108 points higher at 4709 points on a volume of 28,479 contracts.
IG Markets research analyst Ben ...