The Australian sharemarket posted strong gains on 7 November 2016, with the S&P/ASX 200 adding 70 points to close at 5,250.8. BHP Billiton was 1.9 per cent higher at $A22.70 and Fortescue Metals Group advanced 3.4 per cent to finish at $A5.47. Woodside Petroleum was up 1.5 per cent at $A28.32 and Qantas rose 2.7 per cent to end the session at $A3.00.
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