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Local market bounces back

THE Australian stock market experienced a strong session today, recovering all of yesterday’s losses despite negative leads from abroad while materials joined all but one major sector in closing higher.

Jack McGinn

After shedding 64 points yesterday, the S&P/ASX 200 index rebounded strongly to close 1.4% or 77 points higher at 5380.2 points. The market performed well from open to close, with materials up 0.5%...

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