Local shares had a mixed day today. After rising strongly earlier on, following the lead set by Wall Street, shares fell back towards yesterday's closing price in the afternoon after the RBA decided to keep interest rates on hold.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.2% to 5371 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.2% to 5441 points
- AUD/USD at US 74.25 cents
- Iron Ore at US$51.11 a tonne, according to the Metal Bulletin
- Gold at US$1,242.57 an ounce
- Brent oil at US$50.44 a barrel
BHP Billiton Limited (ASX: BHP) was one of the market's best for the day, together with its rival Rio Tinto Limited (ASX: RIO). The pair lifted 2.9% and 1.8%, respectively.
The banks produced somewhat mixed results today. Westpac Banking Corp (ASX: WBC) and Commonwealth Bank of Australia (ASX: CBA) were the strongest, rising 0.8% and 1%, while Australia and New Zealand Banking Group (ASX: ANZ) fell 0.4%.
Telstra Corporation Ltd (ASX: TLS) also dropped 0.2%.
Greencross Limited (ASX: GXL) struggled too, falling 7.8%, but Liquefied Natural Gas Ltd (ASX: LNG) shares rocketed 13.1%, making it the market's top performer.
Here are Tuesday's top stories:
- Is the Reserve Bank of Australia finished cutting interest rates?
- Why now is NOT the right time to buy gold stocks
- This broker thinks these 3 ASX shares are seriously undervalued
- 5 underfollowed small-cap shares that could make you rich
- Why the Greencross Limited share price has been slammed today
- 3 ASX tech shares that could make you rich
- Why the Estia Health Ltd share price collapsed today
