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Aust stocks close higher

Local market gains ground as investors digest barrage of earnings reports.

The Australian stock market has closed more than 1% higher, lifting above the 5,300 level as investors digest a barrage of earnings reports.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index added 1.06% to 5,310.1 points, while the broader All Ordinaries index rose 1% to 5,319.8 points.

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