Some encouraging company earnings reports, a positive lead from US markets and higher commodity prices have helped lift the Australian share market by about 0.7 per cent to its best close in a month.
On Monday, the benchmark S&P/ASX200 was up 40.1 points, or 0. 7per cent, at 5,760.7 points.
The broader All Ordinaries index was up 41.3 points, or 0.72 per cent, at 5,812.9 points.
The March SPI200 futures contract was up 45 points, or 0.79 per cent, at 5,712 points., with 31,914 contracts traded at 1630 AEDT.
Preliminary national turnover was 3.5 billion securities worth $5.7 billion.
Atlantic Pacific client adviser Gary Huxtable said the strong performance of US markets on Friday, on the back of US President Donald Trump’s promise o…
Read the full article at: https://www.businessnews.com.au/article/Shares-close-40pts-higher-1