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Market closes on firmer footing

FINALLY some good news for the local share market, which extended earlier gains, led by materials, to close 3% higher today, buoyed by firming commodity prices and renewed optimism that European finance leaders were close to a debt crisis solution.

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The S&P/ASX 200 index finished the day up 140.70 points or 3.64% to 4004.60, while the All Ordinaries followed suit, gaining 135.90 points to close on 4063.50. Overnight, Wall Street closed on much...

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