Local shares rebounded strongly on Monday, following a lead set by international markets on Friday. The major banks provided plenty of drive, together with the country's biggest miners.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.1% to 5429 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1% to 5524 points
- AUD/USD at US 75.98 cents
- Iron Ore at US$59.39 a tonne, according to the Metal Bulletin
- Gold at US$1,324.50 an ounce
- Brent oil at US$46.63 a barrel
Among the banks, Commonwealth Bank of Australia (ASX: CBA) shares bounced 2%, while Westpac Banking Corp (ASX: WBC) also gained 1.7%. National Australia Bank Ltd. (ASX: NAB) jumped 1.8%.
Meanwhile, BHP Billiton Limited (ASX: BHP) gained 2.5% and Rio Tinto Limited (ASX: RIO) lifted 1.5%.
Compared to the iron ore miners, however, the gold miners produced even greater gains for the day. EVOLUTION FPO (ASX: EVN) jumped 6.7% and Silver Lake Resources Limited. (ASX: SLR) rose 5.4%.
The aged care operators weren't so lucky. In fact, the three major businesses in the sector were crushed following a government review.
Estia Health Ltd (ASX: EHE) shares were slammed 11.8%, although they did fall more than 30% earlier in the session. Japara Healthcare Ltd (ASX: JHC) crashed 14.7% as well. And Regis Healthcare Limited (ASX: REG) dropped 16.7%.
Super Retail Group Ltd (ASX: SUL) also ended the day 4.6% lower.
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