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STOCKS - AUSTRALIAN SHARES OPEN FIRMER - JUNE 2, 2008.

AsiaPulse News

| June 02, 2008 | COPYRIGHT 2008 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

SYDNEY, June 2 Asia Pulse - The Australian share market has opened the week slightly firmer, supported by the energy and mining sectors as oil prices recovered and industrial metals strengthened.

At 1020 AEST, the benchmark S&P/ASX200 index was up eight points, or 0.14 per cent, to 5662.7, while the broader All Ordinaries added 9.5 points, or 0.15 per cent, to 5,782.4.

On the Sydney Futures exchange, the June share price index contract was 31 points lower at 5,675 on a volume of 5,721 contracts.

The world's largest miner BHP Billiton was up $1.00, or 2.32 per cent, to $44.51 while takeover target Rio Tinto gained .16, or 1.54 per cent, to $140.13.

Energy stocks also moved higher following a small rise in NYMEX crude prices to ...

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Source: HighBeam Research, STOCKS - AUSTRALIAN SHARES OPEN FIRMER - JUNE 2, 2008.

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