Stocks re­port

Townsville Bulletin - - Investor -

THE Aus­tralian share mar­ket closed one per cent higher, led by the big min­ers and ma­jor banks as in­vestors set aside trou­bles from over­seas and found value in the lo­cal bourse.

At 4.15pm AEDT, the bench­mark S& P/ ASX200 in­dex was up 47.2 points, or 1.01 per cent, at 4699.6, while the broader All Or­di­nar­ies in­dex had climbed 47.7 points, or 1.00 per cent, to 4794.2.

On the ASX24, the June share price in­dex fu­tures con­tract was 52 points higher at 4722 points, with 19,787 con­tracts traded.

Au­s­tock Se­cu­ri­ties se­nior client ad­viser and strate­gist Michael Hef­fer­nan said there was ‘‘ good cheer all round’’ at the clos­ing bell on yes­ter­day.

‘‘ The theme of the week seems to be that in­vestors are able to put aside neg­a­tive events around the world as they re­alise the value in the Aus­tralian mar­ket,’’ Mr Hef­fer­nan said.

Lo­cal in­vestors ig­nored news of spread­ing

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