Aust stocks close stronger

Buying in resources buoys local market, volumes below average ahead of budget.

The Australian sharemarket closed stronger today on buying in the major miners but volumes were low as cautious investors waited for the final details of tonight's federal budget.

At the 4.15pm (AEST) official market close, the S&P/ASX200 index rose 49.8 points, or 0.91%, to 5,498.2 , while the broader All Ordinaries index gained 46.4 points, or 0.85%, to 5,475.4.


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