SYDNEY: The local share market bounced back from yesterday’s heavy losses to end the week with an even healthier gain.
The All Ordinaries index added 69 points to close at 5,592, while the ASX200 rose 72 points, or 1.3 per cent to 5,597.
It ended a volatile week in what was the third session in a row where the market moved up or down by at least 1 per cent — the first time that has happened in 2015.
Investors seemed content to ignore the looming problem of Greek debt and buy in on the back of similarly strong gains on Wall Street.
Following the well-trodden route of emulating US markets also involved dismissing another heavy sell-off on China’s Shanghai stock exchange.
The SSE Composite fell well over 10 per cent in just one week to enter technical correction, although that hardly counts as a bubble bursting given the index remained more than 120 per cent up on its level a year ago.
