Uranium, gold push market up
THE Australian share market has closed higher led by uranium and gold stocks, as investors continued to digest developments in Libya and the nuclear emergency in Japan.
The major banks gained in afternoon trade to pull the market as a whole higher.
The benchmark S& P/ ASX200 index closed up 16.4 points, or 0.35 per cent, at 4,642.8, while the broader All Ordinaries index gained 18.3 points, or 0.39 per cent, at 4,734.1.
Cameron Securities client adviser Adrian Leppinus said investors were still cautious, mainly waiting to see what would happen in Libya and Japan.
Trading volumes were lower than usual due to the spring equinox public holiday in Japan.
Turnover was 2.98 billion shares worth $ 4.89 billion, with 714 stocks up, 419 down and 379 unchanged.