Down, up, BHP's profit and Hu

THE Australian share market hit a fresh 10-month high today as local stocks bounced back from early losses to close higher despite another bearish lead from Wall Street. Meanwhile, all eyes were on BHP Billiton this afternoon as it revealed its full year results.

The local bourse closed slightly higher for a third consecutive session. The S&P-ASX 200 index added 0.3% to close at 4343.1 points, while the All Ordinaries also gained 0.3% to 4345.9 points.