Local shares rallied higher today after the US Federal Reserve's decision to keep interest rates on hold.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7% to 5374 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.7% to 5466 points
- AUD/USD at US 76.45 cents
- Iron Ore at US$55.87 a tonne, according to the Metal Bulletin
- Gold at US$1,332.66 an ounce
- Brent oil at US$47.21 a barrel
Shares in the gold sector were glistering today thanks to the Fed's decision to keep interest rates unchanged. Newcrest Mining Limited (ASX: NCM) rocketed 6.9%, Beadell Resources Ltd (ASX: BDR) raced 5.9% higher and EVOLUTION FPO (ASX: EVN) soared 5.8%.
The telcos were back on top today as well following a horrendous couple of days. TPG Telecom Ltd (ASX: TPM) regained 3.4%, Vocus Communications Limited (ASX: VOC) was up 2.8% and Telstra Corporation Ltd (ASX: TLS) lifted 0.8%.
BHP Billiton Limited (ASX: BHP) also soared 2.7%, with Rio Tinto Limited (ASX: RIO) gaining 3.3%. Fortescue Metals Group Limited (ASX: FMG) was up 5.5%, as well.
Brickworks Limited (ASX: BKW) lifted 1.3% after it released its full-year earnings results, while Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) ended the session flat.
Other companies which announced their results include OrotonGroup Limited (ASX: ORL), which also ended flat, FONTERRA UNIT NZX (ASX: FSF), which fell 1.2%, and Premier Investments Limited (ASX: PMV), which fell 2%.
Liquefied Natural Gas Ltd (ASX: LNG) was also a big mover, lifting 3.3%, while JB Hi-Fi Limited (ASX: JBH) slipped 2.7%.
Here are Thursday's top stories:
- Gold stocks are soaring
- Why the Premier Investments Limited share price is slumping today
- Is Capitol Health Ltd a buy on China deal?
- OrotonGroup Limited reports gangbusters growth, but is it a buy?
- Mining services companies yet to face the worst
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