Miners and real estate lead Australian share rally
By Adrian Black
Australia's share market has notched a third session of gains, led by miners and real estate stocks. -AAP Image
Australian shares have clocked a third straight session of gains, as easing oil prices and confidence in the US market lifted investor sentiment.
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The S&P/ASX200 gained 49.3 points on Tuesday, up 0.57 per cent, to 8735.7, as the broader All Ordinaries gained 44.3 points, or 0.5 per cent, to 8903.5.
Real estate stocks and miners led nine of 11 local sectors higher after weeks of selling pressure, while IT stocks dropped more than three per cent and consumer staples traded just below break-even.
The Australian dollar is buying 69.70 US cents, up from 69.41 US cents on Friday at 5pm.
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