Aust stocks close stronger

Buying in yield stocks boosts local market after RBA's rate cut hint yesterday.

The Australian sharemarket has closed stronger today, boosted by buying in yield stocks after the Reserve Bank of Australia yesterday hinted it was open to cutting interest rates further if needed. 

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index rose 33.8 points, or 0.62%, to 5,525 points, while the broader All Ordinaries index gained 32.3 points, or 0.59%, to 5,511.8 points.


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