Reply #67: australia: Bargain hunters push up market

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http://www.couriermail.com.au/business/market-up-in-early-trade/story-e6freqmx-1225844189730

THE Australian stock market recovered from early softness to end the week higher, as bargain hunters moved in to recover value in a heavily sold-down bourse.

At 1615 AEST, the benchmark S&P/ASX200 index was up 23.8 points, or 0.51 per cent, at 4684, while the broader All Ordinaries index was up 25.2 points, or 0.53 per cent, at 4760.3.

On the ASX 24, the June share price index futures contract was 17 points higher at 4686, with 27,543 contracts traded.

Macquarie Private Wealth advisor Lucinda Chan said investors were buying into the market after heavy losses earlier in the week.