Australian Stock Market Report - Afternoon 10/24/2011
submitted by news 2371 days ago (via ibtimes.com)
The local share market started the trading week on a very positive note, although volumes were low. Investor sentiment was boosted by impressive gains in US and European share markets on Friday, while strong Chinese manufacturing data added to the overall buying mood. The All Ordinaries Index (XAO) rose 110.2pts or 2.6pct to 4313.6 while the S&P/ASX 200 Index (XJO) gained 113pts or 2.7pct to 4255.