Local shares continued to rally today, following the lead set by international equity markets after commodity prices soared overnight.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7% to 5388 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.7% to 5470 points
- AUD/USD at US 76.04 cents
- Iron Ore at US$59.38 a tonne, according to the Metal Bulletin
- Gold at US$1,338.78 an ounce
- Brent oil at US$47.92 a barrel
We'll start off with the negatives. Carsales.Com Ltd (ASX: CAR) shares lost 2.3%, while South32 Ltd (ASX: S32) and JB Hi-Fi Limited (ASX: JBH) shed 1.8% each.
Meanwhile, gold miner EVOLUTION FPO (ASX: EVN) lost 0.7%, but Independence Group NL (ASX: IGO) more than made up for it, soaring 7.6%.
Blackmores Limited (ASX: BKL) also gained 7.4% after an optimistic earnings forecast from Credit Suisse, while Fortescue Metals Group Limited (ASX: FMG) rose 5.5%.
BHP Billiton Limited (ASX: BHP) gained 3.3% to $20.58, while Australia and New Zealand Banking Group (ASX: ANZ) rose another 1.2%.
Here are Wednesday's top stories:
- Why Credit Suisse thinks Blackmores Limited shares are worth $175
- The 'lazy way' to make a million dollar fortune
- What you need to know about Catapult Group International Ltd's acquisition
- Why the Fortescue Metals share price has tripled since January
- Who else wants 4 dividend shares with yields over 5.5%?
- Why the WiseTech Global Ltd share price has soared 27%
