Resources Sector Pushes Sharemarket Up
Posted on January 01st, 2009 in aus, aussie dollar, Aussie local market, Aussie's financial system, Australian share market, cent, micro cap, perth, resources sector
The year 2009 seems to be a lucky year for the local share market of Australia. Its first day of trading business recorded a higher returns on its share market led by the resources sector.
“The resources sector is leading the way and stocks like Woodside and Rio are doing very well,” Mr Heffernan said. It was a good start to the new year.
Woodside Petroleum was up 96 cents, or 2.62%, at $37.66, Santos advanced eleven cents, or 0.74%, to $14.98 but Oil Search fell four cents to $4.61.
