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Post by bot on Jan 8, 2013 10:36:38 GMT -5
Australian stocks climb back toward May 2011 highs from MarketWatch.com - MarketPulse SYDNEY (MarketWatch) -- Australian stocks ticked higher on Tuesday, moving back toward highs not seen since May 2011, with the S&P/ASX 200 index up 0.4% at 4,735.50. With Nymex light sweet crude futures over $93 a barrel in electronic trading, energy firms were gaining ground as Beach Energy Ltd. rose 1.2% and sector heavyweight Woodside Petroleum Ltd. gained 0.7%. Investors also showed some preference for high-yielding defensive firms, with Telstra Corp. up 1.1%.
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