Local shares rebounded strongly today after two days in the red due to ongoing Brexit fears. The miners were strong, while the banks also recovered some of yesterday's losses.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 30 points to 5227 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 26 points to 5311 points
- AUD/USD at US 75.18 cents
- Iron Ore at US$55.93 a tonne, according to the Metal Bulletin
- Gold at US$1,368.35 an ounce
- Brent oil at US$49.06 a barrel
BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) gained 2% and 1.2%. South32 Ltd (ASX: S32) also rose 3.1%.
Westpac Banking Corp (ASX: WBC) was also strong, lifting 0.5%, while Australia and New Zealand Banking Group (ASX: ANZ) gained 0.4%.
The gold miners were strong, too, indicating that investors are remaining cautious. Beadell Resources Ltd (ASX: BDR) lifted another 3%, and Silver Lake Resources Limited. (ASX: SLR) rose 8.3%.
Mantra Group Ltd (ASX: MTR) was one of the best shares for the day in gaining 4.7%. Cimic Group Ltd (ASX: CIM), on the other hand, tumbled 16.5%.
Here are Thursday's top stories:
- 3 ASX shares I wish I bought, but didn't
- 3 small-cap shares that could make you a millionaire
- 4 reasons why bank shares have been smashed in 2016
- Cimic Group Ltd shares crash on accounting concerns
- Is it time to bet against Tabcorp Holdings Limited on greyhound racing ban?
- Why the big banks could be forced into capital raisings of $17.5 billion
- 3 reasons to be cautious about Medibank Private Ltd shares
