Australian shares close at fresh record high, led by BHP, Rio Tinto |
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Fri, 20 Jul 2007 07:53
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SYDNEY (Thomson Financial) - Australian shares closed at new record highs on Friday, powered by gains in miners BHP Billiton and Rio Tinto after prices of base metals rose in London overnight.The strength in US markets Thursday, where upbeat corporate earnings reports lifted the Dowindustrials and the S&P 500 index to fresh lifetime highs, also aided investor sentiment .The S&P/ASX 200 ended up 37.6 points or 0.6 percent at 6,421.8, beating the previous record close of 6,400.6 set on July 9. The key index set a new trading high of 6,422.3 and gained 0.5 percent over the week.The All Ordinaries Index advanced 37.7 points or 0.6 percent to settle at 6,456.7, erasing its prior record of 6,429.5 also reached on July 9. It hit a fresh all-time high of 6,457.1.Volume traded reached 1.83 billion shares worth 5.62 billion Australian dollars.Rises outnumbered falls 739 to 526, and 351 stocks were unchanged.The S&P/ASX200 September futures contract was up 39 points at 6,423.The yield on the 10-year bonds fell 0.007 percentage point to 6.1405 percent and the 90-day bills slipped 0.004 percentage point to 6.443 percent.(1 US dollar = 1.14 Australian dollars)paul.daniel@thomson.compd/msCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Rio Tinto shares hit record high in Australia on Alcan takeover speculation 