Oil bounce lifts Australia, NZ shares as energy firms benefit

January 25, 2016 5:52 AM

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SYDNEY Jan 25 Australian shares jumped the most in nearly six weeks on Monday as rebounding oil markets pushed up energy stocks and investors snagged bargains after weeks of heavy selling.

The S&P/ASX 200 index rose 90.6 points, or 1.8 percent, to 5,006.6 at the close of trade, its biggest one-day gain since Dec. 16, 2015. It was the benchmark's first close over 5,000 since Jan. 7, narrowing its year-to-date loss to 5.5 percent.

Also read: Stocks gain as Dow, Russell 2000 hit fresh highs

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