Shares higher as Nine announces a deal: Afternoon market insights

Embattled Nine Entertainment Company announced it had reached a deal with its creditors as the market neared the close, with CEO David Gyngell announcing the company is now debt-free.

The ASX200 rose 0.96% today to 4534.4, while the broader All Ordinaries index added 0.94% to 4556.4.

The Australian dollar is higher today, buying $US1.03065.

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