The Australian shares ended with little changes on Friday. The S&P/ASX200 index just added 1 point to 3776.7 points, while the broader All Ordinaries gained 2.5 points to 3728.1. The local market is likely to be lifted on the back of the stronger metals prices. Today Rio Tinto's Australian annual meeting will also be the market focus.
Yesterday the Australian shares closed slightly lower as falls in financial stocks overshadowed the gains in big miners. The benchmark S&P/ASX200 index was down 0.1%, or 5.4 points, at 3747.5, while the broad-market All Ordinaries index fell 0.1%, or 4 points, at 3693.9.
Yesterday the Australian shares closed with a three months high, lifted by stronger banks and resources stocks. The benchmark S&P/ASX200 index was up 2.2%, or 81.3 points, at 3752.9, while the broader All Ordinaries index also gained 2.2%, or 80.5 points, at 3698. The financial sector was largely buoyed by the US bank Goldman Sachs’ first quarter earnings.
The Australian market is expected to rise after Easter holiday as metals prices were up overnight. On Thursday the benchmark S&P/ASX200 index gained 52.1 points, or 1.4%, at 3671.6, while the broader All Ordinaries surged 50 points, or 1.4% to 3617.5.
Australian shares closed lowered yesterday as investors expected a further fall on US market. The S&P/ASX 200 fell 86.8 points, or 2.3 per cent, to 3619.5, while the All Ordinaries was down 81 points, or 2.22 per cent at 3567.5. The financial stocks may be hit by International Monetary Fund's forecast of increasing toxic assets.
Yesterday the Australian share market is lower after the RBA's rate cut announcement. The S&P/ASX200 index fell 1.3%, or 50.3 points, at 3706.3, while the broader All Ordinaries index was down 1.3%, or 47.9 points, at 3648.9.
Australian shares closed higher yesterday with rises in most sectors despite resources stocks dragged the market down. The benchmark S&P/ASX200 gained 0.6%, or 21 points, at 3756.6, while the All Ordinaries index was up 0.6%, or 22.4 points, at 3696.4. Banking stocks were stronger ahead of the Reserve Bank of Australia's interest rate decision.
