SYDNEY, April 1 (Xinhua) -- The Australian share market finished higher on Monday with consumer staples leading gains and the banks and miners providing firm support.
At the market close, the benchmark S&P/ASX 200 index was up 36.30 points or 0.59 percent at 6,217.00, while the broader All Ordinaries index was up 38.00 points or 0.61 percent at 6,299.70.
"The local market has started the new trading week, month and quarter on a positive note with trade optimism giving risk assets, such as equities, a boost," Commsec market analyst James Tao said. "The miners have been supported by gains for metals prices. Iron ore rose 3.8 percent to lift the major miners."
In the financial space, Australia's big banks rallied with the Commonwealth Bank up (0.99 percent), Westpac Bank up (0.93 percent), ANZ up (0.85 percent) and the National Australia Bank up (0.36 percent).
Mining stocks were mostly higher with BHP up (1.53 percent), Rio Tinto up (1.68 percent) and Fortescue Metals up (4.64 percent). However, goldminer Newcrest was down (1.66 percent).
The country's oil and gas producers were mixed with Oil Search up (0.64 percent), Santos down (0.29 percent), and Woodside Petroleum up (0.64 percent).
Australia's largest supermarkets bounced with Coles up (1.27 percent) and Woolworths up (2.30 percent).
Meanwhile, telecommunications giant Telstra edged lower (0.30 percent), the national carrier Qantas lifted (1.06 percent) and biomedical firm CSL rallied (1.47 percent).
At the market close, the benchmark S&P/ASX 200 index was up 36.30 points or 0.59 percent at 6,217.00, while the broader All Ordinaries index was up 38.00 points or 0.61 percent at 6,299.70.
"The local market has started the new trading week, month and quarter on a positive note with trade optimism giving risk assets, such as equities, a boost," Commsec market analyst James Tao said. "The miners have been supported by gains for metals prices. Iron ore rose 3.8 percent to lift the major miners."
In the financial space, Australia's big banks rallied with the Commonwealth Bank up (0.99 percent), Westpac Bank up (0.93 percent), ANZ up (0.85 percent) and the National Australia Bank up (0.36 percent).
Mining stocks were mostly higher with BHP up (1.53 percent), Rio Tinto up (1.68 percent) and Fortescue Metals up (4.64 percent). However, goldminer Newcrest was down (1.66 percent).
The country's oil and gas producers were mixed with Oil Search up (0.64 percent), Santos down (0.29 percent), and Woodside Petroleum up (0.64 percent).
Australia's largest supermarkets bounced with Coles up (1.27 percent) and Woolworths up (2.30 percent).
Meanwhile, telecommunications giant Telstra edged lower (0.30 percent), the national carrier Qantas lifted (1.06 percent) and biomedical firm CSL rallied (1.47 percent).
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