Aussie market edges higher

0 Comment(s)Print E-mail Xinhua, January 31, 2020
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SYDNEY, Jan. 31 (Xinhua) -- The Australian share market has finished higher on Friday, with most sectors seeing modest gains.

At the close of trade, the benchmark S&P/ASX 200 index was up 8.80 points or 0.13 percent at 7,017.20, while the broader All Ordinaries index rose 12.60 points or 0.18 percent at 7,121.20.

In the financial space, Australia's big banks weakened with the Commonwealth Bank down (0.21 percent), Westpac Bank down (0.75 percent), National Australia Bank down (0.08 percent) and ANZ down (0.31 percent).

Mining stocks strengthened with BHP up (1.03 percent), Rio Tinto up (0.42 percent) and Fortescue Metals up (0.89 percent), however gold miner Newcrest was sharply lower (3.12 percent).

The country's oil and gas producers lifted with Woodside Petroleum up (0.26 percent), Santos up (1.05 percent) and Oil Search up (0.83 percent).

Australia's largest supermarket chains performed strongly with Coles Group up (1.16 percent) and Woolworths up (0.97 percent).

While telecommunications giant Telstra sank (0.52 percent), the national carrier Qantas plummeted (1.69 percent) and biomedical firm CSL made firm gains (0.50 percent). Enditem

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