Australian stocks continue recovery on Thursday

Sydney, Oct 1 (IANS) The Australian share market continued to improve on Thursday after early week plunges.

At the official market open on Thursday, the benchmark S&P/ ASX200 index added 29.4 points, or 0.59 percent, to 5051 points, while the broader All Ordinaries added 28.3 points, or 0.56 percent, to 5086.9 points, Xinhua reported.

Energy stocks pushed the market higher, adding 2.92 percent in its sector. Oil Search grew 0.7 percent, while Woodside Petroleum gained 0.86 percent.

BHP Billiton was up 0.54 percent. Rio Tinto shed a small 0.07 percent. Financials gained 0.64 percent.

The Commonwealth Bank was 0.62 percent lower, while ANZ shares added 0.81 percent. The National Australia Bank lifted 0.57 percent.

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