Local shares ended the 2015-16 financial year in style today, continuing what has been a remarkable turnaround for many markets around the globe since Friday's Brexit vote.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.7% to 5,228 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1.7% to 5,310 points
- AUD/USD at US 74.27 cents
- Iron Ore at US$53.89 a tonne, according to the Metal Bulletin
- Gold at US$1,316.13 an ounce
- Brent oil at US$50.72 a barrel
The banks led the market higher again today. Australia and New Zealand Banking Group (ASX: ANZ) rose another 2.2% while National Australia Bank Ltd. (ASX: NAB) surged 2.8%.
Unfortunately, CYBG PLC CDI 1:1 (ASX: CYB), or Clydesdale Bank, lost another 0.5% despite rising earlier in the session.
Shares in the resources sector were on top today, as well. BHP Billiton Limited (ASX: BHP) gained 1.9% with Woodside Petroleum Limited (ASX: WPL) and Santos Ltd (ASX: STO) up 2.8% and 2.2%, respectively.
The gold miners, on the other hand, fell further with investors becoming increasingly willing to return to 'riskier' assets. Newcrest Mining Limited (ASX: NCM) dropped 2.2%, while St Barbara Ltd (ASX: SBM) lost 3.9%.
Mayne Pharma Group (ASX: MYX) was one of the big winners for the day. Its shares soared 28.3% following the acquisition of a portfolio of drug products.
Here are Thursday's top stories:
- Why these 3 dividend stocks could be your best bet in 2016-17
- Kathmandu Holdings Ltd set to climb on profit upgrade
- Why Brexit might not even happen
- 10 ways to become RICH in your 20s
- Is Macquarie Group Ltd headed for a downgrade?
- 3 overlooked and cheap companies with big dividends
- Why the Mayne Pharma Group share price is going gangbusters
