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The Australian share market has risen for the 9th straight day with banks and energy shares leading the rally. A bounce in oil and cooper prices overnight also helped lift optimism. Today, the All Ordinaries Index gained 51 points or almost 1%. The ASX 200 Index jumped 1%. It was a choppy day for those companies that produce milk and infant formula and expose to China. After rallying yesterday this morning, Bega slipped 1.5%. The moves were more dramatic for A2 Milk and Bellamys. Yesterday’s challengers found it was significantly reducing its investment in A2 Milk. The banks were back in favor. BHP Billiton edged lower. With just a half day of trading left tomorrow, the ASX 200 Index is set to close the year around 2% lower. In terms of price movements, the Healthcare sector1 performed the best in 2015. The banks edged higher. Falling commodity prices, though, did take a big toll2 on mining and energy stocks. Looking across the region today, and it’s a mixed session. There are modest gains in Japan, but losses across China. Spot gold prices are heading high in the Asian session. West Texas Crude Oil prices (are) jumped in the US on worries about declining stock piles. And Australian dollar has given back overnight gains against most major currencies. It’s buying 72.9 US cents.
1 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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2 toll | |
n.过路(桥)费;损失,伤亡人数;v.敲(钟) | |
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