The ASX endured a topsy-turvy day but ultimately ended the session on top.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.5% to 5320 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.5% to 5387 points
- AUD/USD at US 73.71 cents
- Iron Ore at US$58.29 a tonne, according to the Metal Bulletin
- Gold at US$1,280.09 an ounce
- Brent oil at US$45.90 a barrel
Australia's biggest banks have helped pull the ASX out of an intraday rut, dragging the main index above 5300 points once again.
Commonwealth Bank of Australia (ASX: CBA) shares lifted 1.9%, despite a rather lacklustre third-quarter earnings result this morning. Westpac Banking Corp (ASX: WBC) and National Australia Bank Ltd. (ASX: NAB) also rose 1% and 0.9%.
Australia and New Zealand Banking Group (ASX: ANZ) was the only one of the majors to end the day in the red after its shares went ex-dividend. The shares fell 3%.
BHP Billiton Limited (ASX: BHP) also managed to recover most of its losses, but still ended the day 0.3% lower, while Rio Tinto Limited (ASX: RIO) shares dropped 2.1% as well.
Blackmores Limited (ASX: BKL) was one of the market's top performing shares, rising 5.5%. Orica Ltd (ASX: ORI), on the other hand, dropped 12.3%.
Here are Monday's top stories:
- Why the Australia and New Zealand Banking Group share price is getting crunched today
- Commonwealth Bank of Australia reports: What you need to know
- What to expect after the Westpac Banking Corp and ANZ Bank home loan fraud revelations
- 3 ASX tech shares that could make you a millionaire
- Why shares of these 6 ASX gold miners are skyrocketing
- The little known way to crush the ASX in 2016
