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Aust shares close higher

The Australian share market has closed higher, despite mixed results by the big banks and losses by Telstra.

At the close on Wednesday, the benchmark S&P/ASX200 index was 13.6 points, or 0.25 per cent, higher at 5,394.5, while the broader All Ordinaries index was up 13.1 points, or 0.24 per cent, at 5,369.5, according to preliminary figures.

On the ASX 24, the March share price index futures contract was 28 points higher at 5,367, with 11,898 contracts traded.