Australia Markets closed

Aussie shares close stronger

The Australian share market has closed higher, partially reversing Thursday's heavy losses that traders said had been overdone.

At the close on Friday, the benchmark S&P/ASX200 index was 38 points, or 0.76 per cent, higher at 5,018.1 while the broader All Ordinaries index was up 38.1 points, or 0.76 per cent, at 5,036.7.

On the ASX 24, the March share price index futures contract was 29 points stronger at 4,996 with 39,902 contracts traded.