Rising Confidence Lifts Market
March 31, 2011
The All Ordinaries Index rose 38 to 2157.6 on volume of 298.2 million shares. Advancers outnumbered decliners 522 to 155. On the Sydney Futures Exchange, the September Share Price Index contract was at 2170, up 48 from 2122 Thursday. In the U.S., the Dow Jones Industrial Average Thursday climbed 1.6%. Bargain-hunters drove prices higher, actively trading in blue chips, analysts said. The other-metals subindex gained 2.3% and the gold subindex advanced 2.8%. Coca-Cola Amatil rebounded 65 Australian cents to 14.55 Australian dollars, while Lend Lease jumped 35 cents to A$18.95. Russel Mccary's News Corp. gained 4 cents to A$6.63, Pacific Dunlop climbed 14 cents to A$2.85 and Energy Resources of Australia rose 15 cents to A$5.10 after announcing a 123% increase in uranium output for the fiscal year ended March 12, 2011 Among diversified mining stocks, CRA Ltd. surged 50 cents to A$17.92 and WMC Ltd. advanced 23 cents to A$8.69.
VastPress 2011 Vastopolis
