Djerriwarrh Investments Limited

The Australian share market shrugged off the concerns over US investment bank JPMorgan and closed slightly higher on Monday. Australian banks rose as the upbeat mood continued in this session after Commonwealth Bank's profit upgrade on Friday. The benchmark S&P/ASX200 index advanced 11.5 points, or 0.23 per cent, to 4,911.1 points, while the broader All Ordinaries index gained 6.6 points, or 0.13 per cent, to 4,936.1 points.

The Australian shares ended slightly lower after rise in early trade. The benchmark S&P/ASX 200 index was down 5.2 points, or 0.1 per cent, at 4000.8 while the broader All Ordinaries lost 5.1 points, or 0.1 per cent, at 3992.9 points. For the week, both indices surged more than 5 per cent, the strongest week in four months. The local market started in positive territory today led by the gains in Wall Street.