Aust stocks close at fresh six-year high
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
The Australian sharemarket has closed stronger in thin trade, printing a fresh six-year closing high as investors bought into defensive stocks and iron ore miners after a rise in the iron ore price.
At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index rose 34.5 points, or 0.62%, to 5,622.9 points, while the broader All Ordinaries index lifted 34.5 points, or 0.62%, to 5,615.1 points.
The benchmark index reached as high as 5,631.1 points during the day's trade, its highest level since June 2008.
CMC Markets chief market strategist Michael McCarthy said buyers concerned about missing out on a gain of 4% over the month so far dominated the action today.
"However, low volumes, rising option prices, and market leadership from defensive sectors, point to a cautious overall approach from local investors," Mr McCarthy said, adding that property trusts and utilities were in favour.
Overnight, the iron ore price rose to $US95.30 a tonne, sparking buying in iron ore miners, but gold fared worse.
"Gold is under pressure ahead of key US events -- the release of second-quarter GDP and a statement from the US Federal Reserve’s Open Market Committee," Mr McCarthy said.