By a staff reporter
The Australian stock market moved nearly one per cent higher in afternoon trade, following positive leads from Wall Street where the Dow Jones hit a fresh record and the S&P 500 flirted with an all-time high.
At the 1615 AEDT official market close, the benchmark S&P/ASX200 index lifted 0.91 per cent to 4995 points, while the broader All Ordinaries index added 0.85 per cent to 5007 points.
Resources stocks were mostly stronger, with the major miners advancing.
Rival grew 0.82 per cent to $33.19.
surged 4.46 per cent to $3.98.
was flat at $2.10.
Gold miner decreased 0.36 per cent to $21.87.
In crude stocks, lost 0.93 per cent to $36.20.
slipped 0.13 per cent to $7.57, and added 1.04 per cent to $12.66.
The financial sector also edged higher, with the big four banks all posting modest gains.
inclined 0.18 per cent to $28.49 and edged down 0.29 per cent to $68.11.
accelerated 0.49 per cent to $28.58 and grew 0.33 per cent to $30.78.
Investment bank rallied 3.3 per cent to $37.26.
was 2.33 per cent higher at $5.70 and added 2.19 per cent at $11.69.
Retail stocks were mixed.
inched up 0.89 per cent to $34.15 while rival inched up 0.5 per cent to $40.60.
declined 0.33 per cent to $2.98, while was unchanged at $3.02.
increased 1.45 per cent $2.79 and dropped 0.93 per cent to $14.92.
In media stocks, added 0.79 per cent to 63.50 cents, while rival inclined 1.28 per cent to $29.29.
grew 2.39 per cent $2.14, while rivalwas unchanged at 33.5 cents.
was 1.29 per cent lower at $1.575.
In Australia, the market closed the previous session lower as markets worldwide were spooked by comments by the Dutch finance minister over the Cyprus bailout.
At the close, the benchmark S&P/ASX200 index was down 40.0 points at 4950.2 points, while the broader All Ordinaries index was down 36.8 points at 4964.7 points.