Late run by banks and resources groups finishes month on a high note
The Australian share market raced home on a high note after enduring a fitful session of ups and downs yesterday.
A strong late run from the big four banks helped steer the bourse out of the red after it was weaker for most of trade.
Ailing heavyweights among the health, financials and the supermarkets weighed on the market.
Health tech giant CSL lost $3.14 to $104, while among the financials Macquarie Group lost $.187 to $71.58 and Magellan dropped $1.91 to $22.75.
ANZ finished 14 cents higher at $24.18, Commonwealth Bank added 84 cents to $78.67, NAB lifted 56 cents to $27.66 and Westpac scored 37 cents at $30.85.
Oil and gas stocks dominated the winners column, with Santos leaping 22 cents to $3.16, Oil Search adding 40 cents to $6.50, Woodside Petroleum lifting $1.58 to $27.95 and Origin Energy jumping 23 cents to $4.10.
BHP Billiton added 25 cents to $15.35, while Rio picked up 20 cents to $39.13. However, the standout was Fortescue Metals Group, which added 21 cents to finish at $1.73 with investors rewarding the pure-play iron ore miner after it announced it had paid down debt faster than expected. AAP