After four straight days of declines the Australian share market surged higher on Friday to end a busy week of company reporting up 1% on 5,877 points.
Information Technology was the best performing sector, rising 3.8% in a week when a number of big name companies reported half year results.
One of the major winners was Domino’s Pizza, whose shares ended the week 27% higher following a 44% rise in half year net profit and a strong outlook for the rest of 2015.
Mining giant Rio Tinto (ASX:RIO) saw its share price jump on Friday to end the week up 5.3% to $63.80, with investors reacting positively to a buyback plan announced on the back of a drop in earnings.
CBA shares edged up 0.2% after the bank announced an 8% increase to both its half year profit and its interim dividend to shareholders, but Telstra shares dipped 0.1% despite a $2.1bn half year profit and plans to reactivate its dividend reinvestment plan.