Aust stocks close sharply higher

Banks and mining stocks buoy the local market amid lower than average volumes.

The Australian sharemarket has rebounded from yesterday's losses to close more than 1.4% higher today, boosted by buying in the banks and miners.

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index added 1.48%, or 79.5 points, to 5,455.4 points, while the broader All Ordinaries index lifted 1.4%, or 75.2 points, to 5,441.7 points.


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