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AAP
AAP
Business
Derek Rose

Australian shares rise after strong earnings reports

Coles Medibank Qantas
The ASX200 has finished up 0.3 per cent, boosted by a string of strong earnings reports. (Bianca De Marchi/AAP PHOTOS)

The local share market has gained ground, boosted by a strong performance by the likes of Coles, Qantas, Medibank and Ramsay Healthcare as they posted better-than-expected earnings.

The benchmark S&P/ASX200 index on Thursday rose 27.5 points, or 0.33 per cent, to 8,268.2, while the broader All Ordinaries climbed 28.8 points, or 0.34 per cent, to 8,506.1.

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