Third day of gains on ASX: Afternoon market insights

The Australian sharemarket continued its upward climb today, buoyed up by a global sharemarket rise.

The ASX200 grew 0.45% to 4310.8, while the broader All Ordinaries index was 0.45% up to 4331.0.

Global sharemarkets continued their rally today, with both overnight and local markets posting gains.

The Australian dollar hit a five-month high overnight, but slipped back down today. It’s currently buying $US1.05455.