Nikkei, banks rally lifts ASX to a 2016 high

Original article by Stephen Cauchi
The Australian Financial Review – Page: 26 : 11-May-16

The Australian sharemarket posted solid gains on 10 May 2016, with the S&P/ASX 200 adding 0.4 per cent to close at 5,342.8, which is its highest level for the year to date. The Commonwealth Bank was 2.9 per cent higher at $A78 and Qantas advanced 2.4 per cent to end the session at $A3.41. However, Rio Tinto eased 2.9 per cent to finish at $A45.40 and Sims Metal Management shed 10.1 per cent to close at $A8.45.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, QANTAS AIRWAYS LIMITED – ASX QAN, RIO TINTO LIMITED – ASX RIO, SIMS METAL MANAGEMENT LIMITED – ASX SGM, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, WOODSIDE PETROLEUM LIMITED – ASX WPL, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MACQUARIE GROUP LIMITED – ASX MQG, TELSTRA CORPORATION LIMITED – ASX TLS, SCENTRE GROUP – ASX SCG, LEND LEASE GROUP LIMITED – ASX LLC, VICINITY CENTRES – ASX VCX, INCITEC PIVOT LIMITED – ASX IPL, BLUESCOPE STEEL LIMITED – ASX BSL, MORGANS FINANCIAL LIMITED, IG MARKETS LIMITED, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, NIKKEI 225 INDEX

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