Local shares soared today, benefiting from the rally experienced on Wall Street overnight. Again, it was the banks doing much of the heavy lifting.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.1% to 5296 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1.1% to 5396 points
- AUD/USD at US 75.1 cents
- Iron Ore at US$55.97 a tonne, according to the Metal Bulletin
- Gold at US$1,314.33 an ounce
- Brent oil at US$46.21 a barrel
Australia and New Zealand Banking Group (ASX: ANZ) was one of the best for the day, rising 1.1%, although all four banks ended the day in the black.
Telstra Corporation Ltd (ASX: TLS) also lifted 1.6%, with South32 Ltd (ASX: S32) up 1.8%.
JB Hi-Fi Limited (ASX: JBH) was a big winner today as well. Emerging from a trading halt its shares soared 4% after it announced it would acquire The Good Guys.
Coal miner Whitehaven Coal Limited (ASX: WHC) also rose 7.8%, while Blackmores Limited (ASX: BKL) and Japara Healthcare Limited (ASX: JHC) gained 9% and 5.2%, respectively.
While the moves across the market were generally positive today, there were some which failed to gain traction. Mesoblast limited (ASX: MSB) was one such stock, shedding 5.2%, while BlueScope Steel Limited (ASX: BSL) declined 3.5%.
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