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Aust stocks open slightly higher

Local market begins shortened trading week in the black on upbeat Wall Street leads.
By · 22 Apr 2014
By ·
22 Apr 2014
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The Australian sharemarket resumed trading after the Easter long weekend slightly stronger after Wall Street was buoyed by a solid Halliburton earnings report.

At the 10.15am (AEST) official market open, the benchmark S&P/ASX200 index rose 11.2 points, or 0.21%, to 5,465.4 points, while the broader All Ordinaries index added 10.2 points, or 0.19%, to 5,455 points.

With key European markets closed for the Easter Monday holiday, there was little in the way of leads for Wall Street at the open.

A lack of new data releases also saw investors short on inspiration, though earnings reports offered something in the way of a guide.

Among companies reporting strong results were toy maker Hasbro and oil services giant Halliburton, with stock in the two companies rising 2 and 3%, respectively.

Elsewhere in the region, Tokyo stocks opened 0.51% higher, helped by gains on Wall Street and the yen's fall.

Locally, information technology stocks again led the market, with the sector gaining 0.77%.

The energy sector gained 0.55%, while health care stocks added 0.51%.

Locally, no economic or equities news is expected on Tuesday.

In Australia, the market on Thursday, the last trading session before the Easter break, finished 1% off a post-global financial crisis high.

The benchmark S&P/ASX200 index was up 33.9 points, or 0.63%, to 5,454.2.

The broader All Ordinaries index added 32.2 points, or 0.59%, to 5,444.8.

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