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In trading on the Australian Stock Exchange this morning rose for four straight sessions after the trade yesterday closed at its highest close in the last three months ( 19/2 ) . The Sydney stock market rose while compelled market participants look at the financial statements of the companies in the market which is quite impressive .
Woodside Petroleum shares were flat after experiencing movement reported that annual net profit decreased by 41 percent . Brambles rose more than 2 percent after net profit rose by 11 percent .
Westfarmers decreased by 0.5 percent even though the company reported that net profit rose by 11 percent . Fortescue Metals rallied 1.5 percent ahead of today's release of its financial statements . Prana Biotechnology has increased sharply by 26 percent after reporting that its new drug trial success .
Australia's benchmark stock index in activities has increased quite well this morning . The S & P ASX 200 rose that looks 21:58 points, or 0.4 per cent and stood at 5414.40 points .
Analyst Research Vibiz of Vibiz Consulting estimates that the movement of the benchmark index on the Australian stock exchange in today's trading will tend to rise . ASX 200 index is expected to have movement in the range of 5390-5440 points
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