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Aussie shares close higher as investors hedge bets on U.S. Fed

Xinhua, September 14, 2015 Adjust font size:

Australian shares closed firmer on Monday after a bumpy day of trade saw investors hedge their bets against the outcome of the U.S. Federal Reserve's policy meeting later this week.

At the 4.15 p.m. (AEST) official market close, the benchmark S& P/ASX200 was 25.4 points, or 0.5 per cent, higher at 5096.5, while the broader All Ordinaries added 24.2 points, or 0.47 per cent, to 5120.5.

BHP Billiton is up 0.13 percent however rival Rio Tinto slipped 0.27 percent.

Oil Search added 0.54 percent, Santos rallied 1.12 percent while Woodside Petroleum remained flat.

Westpac gained 1.61 percent, ANZ is up 0.94 percent and the National Australia Bank is 1.16 percent stronger.

However, the Commonwealth Bank of Australia fell 0.77 percent. Woolworths gained 0.20 percent while Wesfarmers is up 0.23 percent. Endi