Australian sharemarket lunges higher on busiest reporting season day so far – NEWS.com.au

The Australian sharemarket lunged higher again on Tuesday, with impressive earnings results driving gains.The benchmark S&P/ASX200 index added 0.7 per cent to 6917.3 while the All Ordinaries Index lifted 0.55 per cent to 7189.3.
CommSec analyst Tom Piotrowski said it was a bumpy ride on a chockablock earnings reporting season day, helped by gains on northern hemisphere markets overnight, while US markets were closed for the President’s Day holiday.
“It’s not a bad outcome. Obviously we saw some…

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