Local shares raced higher when the markets opened this morning in following the lead set by Wall Street overnight. However, the market quickly lost its oomph and spent some of the day in the red, before edging higher before the close.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.1% to 5412 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.1% to 5500 points
- AUD/USD at US 76.76 cents
- Iron Ore at US$56.63 a tonne, according to the Metal Bulletin
- Gold at US$1,325.54 an ounce
- Brent oil at US$46.19 a barrel
Intueri Education Group Ltd (ASX IQE) shares rebounded today, gaining 41.7%. While that may look spectacular, the shares are still trading for just 8.5 cents – down from 30 cents at the beginning of the week (when the shares were in a trading halt).
Energy business Origin Energy Ltd (ASX: ORG) had a day to forget, falling 3.7%, while Select Harvests Limited (ASX: SHV) also fell 1.9%.
Resources shares struggled on Wednesday. Santos Ltd (ASX: STO) lost 3.1%, Newcrest Mining Limited (ASX: NCM) dropped 2.7%, Beadell Resources Ltd (ASX: BDR) fell 4.6% and OceanaGold Corporation (ASX: OGC) was slammed 10.6%.
Woolworths Limited (ASX: WOW), on the other hand, enjoyed a much stronger session, lifting 1.9%. Wesfarmers Ltd (ASX: WES) also rose 0.7%.
Among the best performers for the day were Spotless Group Holdings Ltd (ASX: SPO) and AGL Energy Ltd (ASX: AGL). The pair rose 2.9% and 5.8%, respectively.
Here are Wednesday's top stories:
- One thing that beats a fully franked dividend
- Portfolio Check: 6 features that every successful company must have
- Here's why gold miner OceanaGold Corporation plunged 19% this week
- 5 growth shares I'd buy with $50,000 today
- Why these 4 ASX shares have doubled in value this year
- Where to next for the BHP Billiton Limited share price?
