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STOCKS - AUSTRALIAN SHARES BEGIN HIGHER - FEB 1, 2008.
SYDNEY, Feb 1 Asia Pulse - The Australian sharemarket opened higher this morning following New York's surge overnight.
At 1015 AEDT, all three Australian indices were up, the benchmark S&P/ASX200 by 50.3 points to 5,700.6, and the All Ordinaries by 50.0 points to 5,747.0.
On the Sydney Futures Exchange, the March share price index futures contract was up 52 points at 5,677.
Michael Heffernan, senior client advisor at Austock Securities, said he was confident that the positive mood of the market would carry through the day.
"People are much happier when the market's up and really like seeing green on the screen," Mr Heffernan said. "In fact there is enough green to sustain Green Senator Bob Brown across all sectors.
"It's all good.
"My view is that the latest declines have been locally driven by companies like Centro and Allco, but ...
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...were higher. At 1204 AEDT, the benchmark S&...ASX200 index was down 82 points, or 2.37 per cent...index had plunged 75.4 points, or 2.21 per cent...Futures Exchange at 1204 AEDT, the March share price...futures contract had shed 90 points to 3,351 on a volume...
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Source: HighBeam Research, STOCKS - AUSTRALIAN SHARES BEGIN HIGHER - FEB 1, 2008.