Market rises after mixed finance and mining results

By Simon Frazer

All sectors contributed to what was very much a modest rise for finance and mining companies. BHP Billiton gained 0. 25 per cent and Rio Tinto 0. 1 per cent. But Atlas Iron lost 1. 4 per cent, while gold miner Newcrest fell 0. 8 per cent on the back of another multi-billion dollar full-year loss.

Telstra ended the session 0. 5 per cent higher and Qantas gained 0. 4 per cent. Woolworths rose 0. 9 per cent and Wesfarmers, the owner of Coles, closed up 0. 6 per cent. Myer jumped 2. 2 per cent while JB Hi-Fi fell 1 per cent.

That loss was offset by gains of 0. 5 per cent for Westpac and ANZ and 0. 25 per cent for the Commonwealth Bank. Suncorp ended the day 1. 5 per cent higher while Bendigo Adelaide Bank fell by the same amount.

Read more here: ABC


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