Australian shares close higher
Announcement posted by de2 Communications 28 Sep 2015
Big four banks leading the way
After a sluggish start the Aussie market bolted into the close, starting the new trading week sharply higher with gains across every sector.
"Financials, energy and materials plays all contributed strongly, ably supported by I.T., industrials and utilities," said Chris Conway, Head of Research at Australian Stock Report.
The big four banks pulled the index higher, gaining between 1% for Westpac (WBC) and 1.8% for Commonwealth Bank (CBA), but other blue chips were also strong, including Telstra (TLS), up 1.2% and BHP Billiton (BHP), rising 1%.
Amongst the oilers, Woodside (WPL) put on 2.9% whilst Oil Search (OSH) was the laggard, losing 0.7%. M2 Group (MTU) jumped 13.4% on a takeover offer from Vocus (VOC), which slipped 7.4%.
On the day the ASX put on 71 points (+1.4%) to settle at 5114.
"Financials, energy and materials plays all contributed strongly, ably supported by I.T., industrials and utilities," said Chris Conway, Head of Research at Australian Stock Report.
The big four banks pulled the index higher, gaining between 1% for Westpac (WBC) and 1.8% for Commonwealth Bank (CBA), but other blue chips were also strong, including Telstra (TLS), up 1.2% and BHP Billiton (BHP), rising 1%.
Amongst the oilers, Woodside (WPL) put on 2.9% whilst Oil Search (OSH) was the laggard, losing 0.7%. M2 Group (MTU) jumped 13.4% on a takeover offer from Vocus (VOC), which slipped 7.4%.
On the day the ASX put on 71 points (+1.4%) to settle at 5114.