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Australian Market Opens Slightly Stronger

Jakarta (Benchmark News,) – The Australian stock market opened slightly higher on Wednesday (07.09.2016), with the benchmark S & P / ASX200 rose 6.3 points, or 0.12 percent, to 5419.9, while the All Ordinaries index increased 8.9 points, or 0, 16 per cent to 5519.3.

CMC Markets chief market analyst Ric Spooner said in a note, while US stocks rallied on Tuesday night, a lower impact on US interest rates for longer overshadow some Australian stock for a stronger Aussie dollar.

ANZ shares opened 0.11 percent lower, National Australia Bank rose 0.36 per cent, Westpac rose 1.05 percent, while Commonwealth Bank of Australia increased 0.88 percent.

BHP Billiton rose 0.63 percent, rival Rio Tinto gained 0.06 percent while gold miner Newcrest rose 2.92 percent.

Oil Search lost 1.13 percent, Santos retreated 0.79 percent, while Woodside Petroleum slumped 0.23 percent.

Wesfarmers rose 0.68 percent, while rival Woolworths fell 0.10 percent.

Qantas slipped 0.74 percent, while telecommunications giant Telstra rose 0.29 percent at the opening on Wednesday. (Red).

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