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Groupon starts refund program
SYDNEY, Feb. 8 (UPI) -- The Australian share market, snapping a three-day losing streak, closed higher Friday with prices up 1.1 percent across the board.
The All Ordinaries Index rose 56 points to 5,724 and the ASX 200 jumped 61 points to 5,658.
Big banks all did well to lead the market recovery -- the Commonwealth Bank putting on $1.18 to close at $44.93.
Gold miners had a mixed day while investors appeared wobbly on BHP Billiton's formal bid to take over rival Rio Tinto -- BHP shed nearly 70 cents to $32.38 while Rio Tinto closed down $1.79 at $112.
Retail stocks were also mixed, with Woolworth's and Wesfarmers up but David Jones finished dipped 2 cents.
Spot gold rose $4.10 an ounce to $909.60 and the Australian dollar was buying 89.48 U.S. cents.
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