Australian shares climbed 0.7 percent on Tuesday, aided by across-the-board gains as sentiment was buoyed by better-than-feared results from several large companies so far. The S&P/ASX 200 index rose 38.74 points to 5553.8 at the close of trade. The benchmark lost 0.21 percent on Monday. New Zealand's benchmark S&P/NZX 50 index rose 0.07 percent, or 5.17 points, to finish the session at an all-time high of 7467.33.
Non-resources companies, on average, have already delivered 5 percent growth in market-cap weighted earning per share for the 2016 financial year, although the overall market is set to post an 8 percent drop, according to a UBS research. Healthscope was among the top gainers on the benchmark, posting its biggest percentage gain in six months. The "Big Four" Australian banks rose with Commonwealth Bank and National Bank of Australia up about 0.8 percent. ANZ Banking and Westpac climbed more than 1 percent. Major miners BHP Billiton and Rio Tinto were up 0.9 percent and 0.4 percent respectively.
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