Australia's All Ordinaries Index rose 7.80 points, or 0.3
percent, to 3153.00. Broken Hill Proprietary Co., Australia's
largest resources company, rose 0.7 percent to A$16.49. Base
metal prices rose, led by copper and zinc, after an unexpected
gain in U.S. home re-sales indicated demand for construction
materials is climbing in the world's largest consumer of those
metals. The London Metal Exchange's benchmark three-month copper
contract gained US$10, or 0.7 percent, to US$1,553 a ton. Zinc
for delivery in three months jumped US$25.50, or 2.4 percent, to
US$1,088 a ton.
''There is a weight of demand by fund managers for stocks,''
said Brian Ingham, who helps manage A$700 million (US$455
million) of Australian equities at BNP Investment Management
Ltd
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