Sunday, February 19, 2012

australian stock market outlook feb 20 2012

australian stock market outlook feb 20 2012 : Australian share market friday finished stronger at a one-month high on the back of fresh investor optimism sparked by a robust Wall Street overnight.

US stocks surged to their highest close of the year on the back of positive jobs and manufacturing data.

Locally, the benchmark S&P/ASX200 index was up 14 points, or 0.33 per cent, at 4,195.9 points, while the broader All Ordinaries index put on 16.1 points, or 0.38 per cent, to 4,273.3 points.

On the ASX 24 at 1630 AEDT, the March share price index futures contract was up 24 points at 4,165 points, with 28,586 contracts traded.
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