Materials sector saved the market for the day

- May 18th, 2011

The IBTimes reports the benchmark S&P/ASX 200 index was 33.9 points higher at 4683.9, while the broader All Ordinaries index was up 28.8 points.

The IBTimes reports the benchmark S&P/ASX 200 index was 33.9 points higher at 4683.9, while the broader All Ordinaries index was up 28.8 points.

The market news is quoted as saying,

Ben Potter, IG Markets strategist said: “After heavy falls on Monday, the materials sector pulled through thanks to bargain hunters and strength in China’s equity market.”

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