Local shares continued to build on last week's gains after a surge in commodity prices.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1% to 5142 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1% to 5204 points
- AUD/USD at US 74.14 cents
- Iron Ore at US$53.75 a tonne, according to the Metal Bulletin
- Gold at US$1,259.38 an ounce
- Brent oil at US$39.46 a barrel
After they slipped to multi-year lows recently, iron ore and oil prices have both continued their surprise rebounds, gaining more than 4% each during the latest session.
The gains were reflected across the resources sector, particularly in shares of BHP Billiton Limited (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG). The pair soared 5% and 23.7%, while South32 Ltd (ASX: S32) also gained 6.3%.
BC Iron Limited (ASX: BCI) gained an incredible 52%, with Sundance Energy Australia Ltd (ASX: SEA) and Senex Energy Australia Ltd (ASX: SXY) lifting 53.6% and 19.5%, respectively.
All four of Australia's major banks rose by at least 1.3%, with National Australia Bank Ltd.'s (ASX: NAB) 2.3% gain leading the way.
Beadell Resources Ltd (ASX: BDR) was the worst performer for the day. It's shares fell 9.1% to 25 cents.
Here are Monday's top stories:
- Why the BHP Billiton Limited share price has surged 32%
- Is this the biggest risk to the big four banks?
- Why the Sundance Energy Australia Ltd share price soared today
- ASIC targets Australia and New Zealand Banking Group for market manipulation
- The iron ore price is flying, taking company share prices with it
- 3 market-thumping shares for your investment portfolio
- What housing crash?
