The uncertainty cast by the weekend's inconclusive federal election result wasn't enough to hold the ASX down today. After falling earlier in the session, the market rebounded shortly before midday and ultimately ended the day higher.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7% to 5281 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.7% to 5365 points
- AUD/USD at US 74.87 cents
- Iron Ore at US$54.33 a tonne, according to the Metal Bulletin
- Gold at US$1,346.22 an ounce
- Brent oil at US$50.32 a barrel
Although the market as a whole rose, the banks didn't provide any assistance.
Australia and New Zealand Banking Group (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA) and National Australia Bank Ltd. (ASX: NAB) all fell between 0.6% and 0.9%. Westpac Banking Corp (ASX: WBC) fell by 1%.
BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO), on the other hand, rose 2.3% and 3.7%. Fortescue Metals Group Limited (ASX: FMG) also rocketed 7.2%.
Select Harvests Limited (ASX: SHV) and EVOLUTION FPO (ASX: EVN) soared 8.7% and 8.5% respectively.
Unfortunately, iSentia Group Ltd (ASX: ISD) dropped 6.5%.
Here are Monday's top stories:
- 4 ASX shares that could become bargains
- Why the RCG Corporation Limited share price is up 17% today
- Mesoblast limited moves to reassure investors
- Why Pro Medicus Limited shares are rocketing today
- Australia's largest gold producers have doubled in the past year
- How Treasury Wine Estates Ltd could head north of $10
- Did your property grow more than your share portfolio in FY2016?
