Aust stocks sharply higher, led by resources, banks
25 Nov 2008 4:39 PM
The Australian sharemarket's closed up more than five per cent .. led by resource and banking stocks .. and boosting the value of all stocks on the bourse by 37 billion dollars.
The domestic market followed the lead of Wall Street and British equity markets that rallied overnight after the US government announced a rescue of ailing banking giant Citigroup.
The benchmark S&P/ASX200 index soared 198.3 points .. or 5.79 per cent .. to 3,623.4 .. while the broader All Ordinaries index jumped 186.6 points .. or 5.51 per cent .. to 3,575.4.
On the Sydney Futures Exchange at 1618 AEDT .. the December share price index futures contract was up 164 points to 3,620 points on volume of 37,535 contracts.
Stock Move Price
AMP -0.060 5.240
ANZ Bank +1.650 14.550
BHPBilton +2.840 26.220
CBA +3.780 34.000
NAB +1.070 19.870
NewsCorp +0.670 11.160
Polartech +0.025 .095
Rio Tinto +4.100 63.900
TelstraCp +0.090 4.120
WestpacBk +1.330 17.830
Woolwrths - 25.000
