Australian Stock Report Market Wrap Up: Aussie shares continue to rally

13 July 2016 -- SYDNEY -- The Australian share market continued higher today, with a late rally sealing some solid gains.

“Strength in energy, materials and financials was enough to overcome weakness in just about every other sector, with healthcare and property stocks the weakest links,” said Chris Conway, Head of Research and Trading at Australian Stock Report.

According to Conway, any day in which the triumvirate of oilers, miners and banks are stronger, the market will generally be stronger.

Oil Search (OSH) and Santos (STO) were the best of the oilers, up 2.9% and 2.1% respectively.

Among the big miners, BHP Billiton (BHP) put on 3.3%, Rio Tinto (RIO) added 2.8%, and Fortescue (FMG) jumped 5.5%.

All of the big four banks posted gains, with ANZ Banking Group (ANZ) leading the charge for the third consecutive session running, up 1.2%.

On the day the ASX 200 added 35 points (+0.7%) to settle at 5389.

For more information, visit: http://www.australianstockreport.com.au/