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Article: STOCKS - AUSTRALIAN MARKET CLOSES FIRMER - NOV 9, 2009.
- Article from:
- AsiaPulse News
- Article date:
- November 9, 2009
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MELBOURNE, Nov 9 Asia Pulse - The Australian share market closed strongly firmer, buoyed by solid housing finance data and healthier financial stocks.
The A$11 billion (US$10.16 billion) cash and equity takeover bid by AMP Ltd and AXA SA for AXA Asia Pacific Holdings Ltd the standout play.
At 1615 AEDT, the benchmark S&P/ASX200 index was up 80.9 points, or 1.76 per cent, at 4,674.9, while the broader All Ordinaries had gained 82.1 points, or 1.78 per cent, to 4,686.5.
On the Sydney Futures Exchange, the December share price index contract was 76 points higher at 4,677, on volume of 28,570 contracts.
Macquarie Private Wealth adviser ...