Australian Market Report of January 5: Expecting Stronger Oil Prices
The Australian shares edged higher on the first trading day of 2010. Energy stocks surged amid expectations the oil price will continue to rise this year. At the close, the benchmark S&P/ASX200 index advanced 5.7 points, or 0.1 per cent, at 4876.3 points, while the broader All Ordinaries index gained 7.1 points, or 0.1 per cent, to 4889.8.
