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Article: Australian Market Report of September 17: Wall Street Set a Good Tone
- Article from:
- abnnewswire.net
- Article date:
- September 17, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Overnight Wall Street posed a solid gain as an upbeat sentiment that the worst is over increased investors' appetite for riskier assets. The shares were lifted by a round of buying in financial shares and a jump in US industrial production data.
The Australian share market soared to a new high for 2009, as Telstra strongly rebounded from the big drop in previous trading session. At the close, the benchmark S&P/ASX200 index surged 110.1 points, or 2.4 per cent, at 4650.4 points, while the broader All-Ords jumped 105.6 points, or 2.3 per cent, to 4652.8.
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