Late run by banks and re­sources groups fin­ishes month on a high note


Kalgoorlie Miner - - BUSINESS -

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

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