The local share market managed to resume its rally today following a brief intermission on Tuesday. This was mostly thanks to the banks and healthcare shares which more than offset the heavy falls endured by the miners.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7% to 5488 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.6% to 5565 points
- AUD/USD at US 75 cents
- Iron Ore at US$56.02 a tonne, according to the Metal Bulletin
- Gold at US$1,333.60 an ounce
- Brent oil at US$46.80 a barrel
BHP Billiton Limited (ASX: BHP) shares tumbled 2.9% following a disappointing production update. Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) followed, losing 2% and 1.5%.
But the banks were on top again today. Australia and New Zealand Banking Group (ASX: ANZ) and Commonwealth Bank of Australia (ASX: CBA) gained 1% each. Westpac Banking Corp (ASX: WBC) rose 1.2%.
Meanwhile, CSL Limited (ASX: CSL) gained 2.1% and Healthscope Ltd (ASX: HSO) rose 1%.
Cimic Group Ltd (ASX: CIM) and Independence Group NL (ASX: IGO) were among the worst performers. They dropped 19% and 6.4%.
Altium Limited (ASX: ALU), on the other hand, soared 4%.
Here are Wednesday's top stories:
- Why shares of BHP Billiton Limited fell 4% today
- The easy way to start building a $1 million share portfolio in FY 2017
- The one word that should shock all mining investors
- 3 shares with better dividends than Australia and New Zealand Banking Group
- Here's why the XERO FPO NZX share price could shoot higher in 2017
- Sydney Airport Holdings Ltd still profiting from tourism boom: Is it a buy?
- 3 small-cap shares that deserve your attention today
