Australia Stocks Update: S&P/ASX 200 Rises 50.50 to 4,927.60

By Darren Boey

Sep. 8 (Bloomberg) -- Australia's benchmark stock index, the S&P/ASX 200 Index, rose 1.04 percent at 10:05 a.m.

The index of 200 companies traded on the Australian Stock Exchange rose 50.50 to 4,927.60. Among the stocks in the index, 84 rose, 30 fell and 86 were unchanged.

Gains in the S&P/ASX 200 Index were led by Commonwealth Bank Of Australia, Australia & New Zealand Banking Group Ltd and Macquarie Group Ltd. About 56.98 million shares changed hands on the Australian Stock Exchange.

Bhp Billiton Ltd, which rose 12 cents to A$37.12, was the most active stock by value in Australia.

The next most-active issues were Australia & New Zealand Banking Group Ltd, which rose 80 cents to A$17.06, and Commonwealth Bank Of Australia, which rose A$1.77 to A$43.36.