Market Update | Sydney Financial
 

Market Update

The Australian share market is set to build on yesterday’s 10-year record high following strong gains among US tech stocks and industrials.

The Australian futures index was up 24 points to 6241 at 8.30am Sydney time. The Australian dollar is buying 74.06 US cents, slightly up from yesterday’s close of 73.84 US cents.

Strong showings from healthcare heavyweights and the major banks yesterday propelled the local share market to its highest close for a decade after a nutty day of trading.

The benchmark S&P/ASX200 closed up 52.7 points, or 0.85 per cent, at 6268.3 points on Thursday, the highest close since December 2007, while the broader All Ordinaries index gained 49.6

points, or 0.79 per cent, to 6349.8 points.

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