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Market Update

Australian Indexes Advance Ahead of Earnings, Aussie Dollar Holds Firm


Author: Marcus Jacob
ticker.com
Last Update: 9:02 AM ET April 08 2015

5:30 PM Sydney Australian market indexes closed higher and investors shifted focus to the earnings announcements from banks, resource sector stocks and healthcare companies. Aussie dollar closed below U.S. 78 cents and gold and crude oil declined.

Australian market indexes gained at close in active trading as investors focused on the earnings season to begin.

Australian dollar closed at 76.73 U.S. cents and in stock trading turnover slipped to 630 million shares worth $4.4 billion.

At close, the ASX 200 Index gained 34.70 or 0.6% to 5,960.70 and the broader All Ordinaries Index increased 35.10 to 5,928.30.

In commodities trading, gold dropped US$4 to US$1,210 an ounce and Brent crude fell 82 cents to close at US$58.28 a barrel.

Australian Stock Movers

APN Outdoor Group Ltd gained 0.9% to $3.50 after the outdoor advertising company signed an agreement with XTD Limited for cross-track digital advertising rights in the Brisbane metro rail network that is estimated to begin operation from June.

Singapore Telecommunications Ltd rose 0.2% to $4.22 after the communications services provider agreed to acquire the U.S.-based Trustwave Holdings, Inc for about US$850 million.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc