You are here

Australia: Shares bounce on M&A deal

Tuesday, September 8, 2015 - 14:27

ausstocks.jpg
Australian shares posted solid gains for the second straight day on Wednesday, with banks and miners leading the way as investors hoped Beijing's efforts to stabilise its ailing stock markets were starting to pay off.

[SYDNEY] Australian shares bounced off two-week lows on Tuesday as rising United States index futures firmed, while Woodside Petroleum US$8 billion takeover approach for Oil Search boosted confidence in energy stocks.

The S&P/ASX 200 index gained 84.8 points to 5,115.2 at the close of trade. It jumped 1.7 per cent, the biggest daily gain in two weeks. The benchmark eased 0.2 per cent on day.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom