This one news about the Australian stock market opened marginally higher, led by gains in miners and the large retail banks. At 1044 AEDT, the benchmark S & P/ASX200 index was 7.2 points or 0.15 percent at 4,761.1 while the broader All Ordinaries index had risen 8.4 points, 0.17 percent, at 4,858.4 points. On the ASX in 1924 at 1052 AEDT, the March share price index futures contract was six points higher at 4,732, with 12,663 contracts traded. Making news on Tuesday, clothing and shoe shops manufacturer Pacific Brands said it had refinanced $ 500 million syndicated debt facilities. The stock fell half percent to $ 1.03.
The news never ends when on Wall Street overnight; the Dow Jones Industrial Average closed 0.58 per cent, while the Standard & Poor’s 500 advanced 0.77 per cent. The major miners were higher at 1034 AEDT. BHP Billiton rose 39 cents to $ 44.64, and Rio Tinto had risen 68 cents to $ 84.73. Bank shares were mostly higher, too. Westpac had picked up 17 cents at $ 23.16, National Australia Bank rose 11 cents to $ 24.77 and ANZ increased six cents to $ 23.73. Meanwhile the Commonwealth Bank fell one cent to $ 52.45.
The news never ends when on Wall Street overnight; the Dow Jones Industrial Average closed 0.58 per cent, while the Standard & Poor’s 500 advanced 0.77 per cent. The major miners were higher at 1034 AEDT. BHP Billiton rose 39 cents to $ 44.64, and Rio Tinto had risen 68 cents to $ 84.73. Bank shares were mostly higher, too. Westpac had picked up 17 cents at $ 23.16, National Australia Bank rose 11 cents to $ 24.77 and ANZ increased six cents to $ 23.73. Meanwhile the Commonwealth Bank fell one cent to $ 52.45.
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