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STOCKS - AUSTRALIAN INDEX OPENS HIGHER - APRIL 1, 2004.

AsiaPulse News

| April 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

BRISBANE, April 1 Asia Pulse - The Australian share market defied trends in the United States to open in positive territory, lifted by stronger resource and bank stocks.

The benchmark S&P/ASX 200 index rose 10.7 points to 3426 by 1012 AEST as the all ordinaries index added 9.6 points to 3426.1.

On the Sydney Futures Exchange at 1012 AEST, the June share price index contract was 25 points higher at 3445 - a 19 point premium to the underlying index - on a volume of 3,926.

Wilson HTM private client adviser Angus Bligh said many of the stocks were higher than expected.

"The Dow's down 25 so you would have probably expected us ...

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