Not even the plunging oil or iron ore prices could stop the ASX from recording another day in the black today, with the banks more than offsetting the miners' losses.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.4% to 5342 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.3% to 5403 points
- AUD/USD at US 73.29 cents
- Iron Ore at US$54.99 a tonne, according to the Metal Bulletin
- Gold at US$1,266.01 an ounce
- Brent oil at US$43.75 a barrel
Shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) dropped 3.2% and 2.9% today. Woodside Petroleum Limited (ASX: WPL) and South32 Ltd (ASX: S32) also lost 3.3% and 4.9%.
But coming to their rescue were Commonwealth Bank of Australia (ASX: CBA), Australia and New Zealand Banking Group (ASX: ANZ) and National Australia Bank Ltd. (ASX: NAB), which all rallied between 1.3% and 2.9%.
Incitec Pivot Ltd (ASX: IPL) also put on a show, rising 9.1%.
At the other end of the spectrum, however, was Greencross Limited (ASX: GXL), which fell 6.7%.
Here are Tuesday's top stories:
- Why the BHP Billiton Limited and Rio Tinto Limited share prices are getting hammered today
- Should you add these 7 high-flying shares to your portfolio?
- 3 reasons to stick with your SEEK Limited shares
- Broker tips Blackmores Limited shares to hit $215
- Should you buy shares in Droneshield Limited?
- How to become a millionaire in just 31 years
- 4 shares to profit from a falling Australian dollar in 2016
