Local shares continued to rally today, although the gains weren't quite as explosive as they were on Monday. Still, investors appear to be growing more hopeful of a favourable outcome when Britons vote on 23 June with the odds slightly in favour of the 'stay' campaign.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.3% to 5,274 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.3% to 5,353 points
- AUD/USD at US 74.72 cents
- Iron Ore at US$51.06 a tonne, according to the Metal Bulletin
- Gold at US$1,283.33 an ounce
- Brent oil at US$50.27 a barrel
The banks led the charge higher again today. Commonwealth Bank of Australia (ASX: CBA) and Australia and New Zealand Banking Group (ASX: ANZ) lifted 1.2% and 1.6%, while National Australia Bank Ltd. (ASX: NAB) was the only major to end the day in the red.
BHP Billiton Limited (ASX: BHP) was unable to hold onto its early lead, shedding 1%. South32 Ltd (ASX: S32), on the other hand, soared 4.1%.
Woolworths Limited (ASX: WOW) was another blue chip that closed lower today, losing 0.9%, although CSL Limited (ASX: CSL) gained 0.7%.
Shares of Blackmores Limited (ASX: BKL) gained an impressive 3.7%, but Mesoblast limited (ASX: MSB) declined 3.8%.
Here are Tuesday's top stories:
- 3 companies which doubled their dividends in the last 5 years
- Why the Medical Developments International Ltd share price is climbing today
- Commodities prices could remain low for the next decade
- 10 things I've learned from The Motley Fool Australia: Part 2
- 3 companies I'm buying for my new son
- Even BHP Billiton Limited thinks the outlook for coal prices is uncertain
- 3 ASX shares that need your attention RIGHT NOW
