Australia stock exchange closed higher on Wednesday due to a sustained strengthening of trading stocks in the banking sector and resources. Banking stocks was the biggest capitalization in the stock with the stock's movement is affecting Australia so that the expiration of stock index.
Index of reference S&P/ASX 200 climbed 0.14 cent (7.9 points) closed at the level of 5,561.7 while the All Ordinaries Index increased by 6.5 points or percent to 0.12
CMC Markets chief market analyst Ric Spooner, said Australia stock exchange slightly higher but essentially flat since there is no widespread movement in the market.
"(The movement) market is now based on individual stocks," said Spooner.
At the close of trading, shares of ANZ climbed 0.56 percent, National Australia Bank rose 1.09 percent, Westpac climbed 1.12 percent, while Commonwealth Bank of Australia increased by 0.83 percent.