Monday, December 15, 2008

Aussie share market seen higher more than 3 pc


The Australian share market was seen higher at noon more than 3 percent as the stocks market shares particularly in Wall Street and European markets gained last Saturday.


In the banking sector, Westpac gained 35 cents to $16.38, Commonwealth Bank lifted 44 cents $28.59, NAB picked up 61 cents or 3.19 per cent to $19.71 and ANZ increased 36 cents to $14.92.

In the US on Friday, Wall Street set aside fears that the US car industry would soon collapse after the Treasury Department said it was prepared to funnel cash to the nation's big three automakers - General Motors, Ford and Chrysler.

more....

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