Local shares soared today, led by the energy producers after OPEC agreed to reduce its daily production of oil.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.1% to 5471 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1.1% to 5558 points
- AUD/USD at US 76.85 cents
- Iron Ore at US$56.48 a tonne, according to the Metal Bulletin
- Gold at US$1,323.33 an ounce
- Brent oil at US$48.69 a barrel
Oil prices did retreat marginally as investors turned slightly cautious, but energy shares still managed to set the ASX alight today.
BHP Billiton Limited (ASX: BHP) shares soared 4.7%, Liquefied Natural Gas Ltd (ASX: LNG) jumped 10.3%, and Woodside Petroleum Limited (ASX: WPL) rocketed 7.3% higher.
The gains didn't stop there. Santos Ltd (ASX: STO) lifted 7.6% and Senex Energy Ltd (ASX: SXY) rose 6.4%.
The gold miners rose strongly, too. St Barbara Ltd (ASX: SBM) gained 5.5%, while Beadell Resources Ltd (ASX: BDR) ended the session 2.4% higher.
Telstra Corporation Ltd (ASX: TLS) gained 1% today. Meanwhile, Woolworths Limited (ASX: WOW) climbed another 1.7%.
Intueri Education Group Ltd (ASX: IQE) rebounded another 41.2%, but will still end the week deep in the red. Programmed Maintenance Services Limited (ASX: PRG) also fell 13.1%.
Here are Thursday's top stories:
- Oil skyrockets on OPEC production cuts: Is it time to buy oil shares?
- Would Warren Buffett buy Medibank Private Ltd?
- Blackmores Limited moves into Iran: Are the shares a buy?
- BHP Billiton Limited surges: Are shares heading higher?
- Why this star fund manager just bought Flight Centre Travel Group Ltd shares
- Crash: Why Programmed Maintenance Services Limited shares tumbled 19% today