You are here

Australia: Shares end up on strong showing by iron ore miners

Wednesday, April 20, 2016 - 15:02

38126911 - 20_04_2016 - AUSTRALIA-ECONOMY_.jpg

[SYDNEY] Australian shares closed higher on Wednesday on the back of stronger iron ore prices.

The S&P/ASX 200 index gained 0.5 per cent, or 27.187 points, to close at 5216.000, just off a 3-1/2-month high reached earlier in the session, helped by hefty gains in major iron ore producers BHP Billiton and Rio Tinto.

New Zealand's benchmark S&P/NZX 50 index ended 0.411 per cent or 28.220 points up at 6901.260.


Market voices on:

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

Powered by GET.comGetCom