Australian Market Broke 3 Days Losing Streak Today

• The Australian market took bad economic news as good news and ended positive after disappointing GDP numbers for third quarter as mining shares and NAB shares lead the gains during afternoon trading session. The benchmark S&P/ASX 200 index closed on a positive note at 5,273.80 (+17.70 points or +0.34%). The All Ords closed up 18 points at 5267.5.

• By sector, oil and gas companies recorded the biggest gains for the day, up 1.2 per cent, with materials (mining) up 0.9 per cent. Dragging the market down were health care (-0.4 per cent) and consumer goods and services (-0.3 and -0.2 per cent, respectively).

• Dick Smith Holdings debuted today at ASX, initially gaining almost 3% before sinking back to the $2.20 issue price.

• Australian dollar took a plunge today after GDP numbers and presently, it is trading at 90.62 US cents.

http://www.capitalvia.com/au/