News Service from House Harris

Aust shares close nearly 2pct higher after late market rally

The Australian share market performed a surprise turnaround in the last hour of trade to finish in positive territory after four consecutive trading days of losses.

Resource and financial stocks pulled the local bourse higher.

At the 1615 AEDT close .. the benchmark S&PASX200 index was up 63.6 points.. or 1.9 per cent .. at 3,416.5 .. while the broader All Ordinaries indexhad gained 54.3 points .. or 1.63 per cent .. to 3,386.9.

On the Sydney Futures Exchange .. the December share price index futures contract was up 58 points at 3,456 points on volume of 42,560 contracts.

Stock Move Price

AMP +0.140 5.290

ANZ Bank +0.360 13.360

BHPBilton +0.800 21.900

CBA +1.640 30.950

NAB +0.180 19.000

NewsCorp -0.370 9.970

Polartech +0.010 .070

Rio Tinto +2.760 60.010

TelstraCp +0.010 3.980

WestpacBk +0.750 16.350

Woolwrths +0.920 25.550

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