Australian shares yesterday closed higher after defying weak offshore leads and receiving a boost from better than expected Chinese economic growth data.
The benchmark S&P/ASX200 index was up 19.6 points, or 0.43 per cent, at 4514.8, while the broader All Ordinaries index was up 19.7 points, or 0.43 per cent, at 4583.2.
On the ASX 24, the September share price index futures contract was 30 points higher at 4496, with 40,081 contracts traded.
Austocks securities strategist Michael Heffernan said the bourse made solid gains. He said the Chinese data "gave us a bit of a fuel injection for the afternoon".
News Corp was down 45c at A$14.74. National Australia Bank fell 12c to A$23.76, ANZ added 8c to A$21.16, Commonwealth Bank fell 4c to A$49.60 and Westpac was steady at A$21.14.
BHP Billiton added 17c to A$43.63 and Rio Tinto was down 48c at A$80.95.
Nufarm was up 8c at A$4.56. Rare earths supplier Lynas Corporation was up 2.5c at A$1.96.5.
National turnover reached 2.07 billion shares, worth A$5.36 billion, with 576 shares up, 447 down and 374 unchanged. AAP
ASX closes higher
ANZ was up 8c yesterday. Photo / Dean Purcell
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