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Australian share market opens higher

Xinhua, July 16, 2015 Adjust font size:

The Australian share market opened higher on Thursday.

At the official market opening, the benchmark S&P/ASX200 climbed 38.4 points, or 0.68 percent, to 5,674.6, while the broader All Ordinaries index advanced 37.1 points, or 0.66 percent, to 5,656.1.

Analysts put the growth down to the Greek parliament passing of the new bailout law.

Financials were up 0.93 percent, ANZ lifted 0.99 percent, the Commonwealth Bank rose 0.93 percent, the National Australia Bank leapt 1.24 percent and Westpac grew 0.71 percent.

Materials declined 0.13 percent, BHP Billiton shed 0.52 percen and Rio Tinto was down 0.41 percent.

Energy stocks also had losses, falling 0.64 percent. Woodside shed 0.54 percent, Santos 1.15 percent and Beach Energy also fell by 1.55 percent.

Consumer staples lifted 0.81 pecent. Wesfarmers gained 0.54 percent and Woolworths jumped 1.17 percent.

Telstra added 0.78 percent while Qantas lifted 0.28 percent. Endi