The local share market rocketed higher today, bolstered by a strong performance from international equity markets overnight and a soaring oil price.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.2% to 5413 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1.1% to 5480 points
- AUD/USD at US 73.98 cents
- Iron Ore at US$70.34 a tonne, according to the Metal Bulletin
- Gold at US$1,217.55 an ounce
- Brent oil at US$49.42 a barrel
Companies across the resources industry bounced on Tuesday. BHP Billiton Limited (ASX: BHP) surged 4%, while Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) lifted 3.8% and 2.4%, respectively.
Fortescue Metals Group Limited (ASX: FMG) and South32 Ltd (ASX: S32) rose 6.8% and 5.4% as well, while gold miners Independence Group NL (ASX: IGO) and Beadell Resources Ltd (ASX: BDR) gained 4.1% and 4.2%.
A number of other businesses also enjoyed strong gains today. Technology One Limited (ASX: TNE) soared 11.1%, Myer Holdings Ltd (ASX: MYR) gained 5.8% and Whitehaven Coal Limited (ASX: WHC) rose 5.2%.
Ardent Leisure Group (ASX: AAD) didn't fare so well, slipping 1.5%.
Here are Tuesday's top stories:
- Why Goldmans is bullish on the Australian economy
- Another warning for investors considering resource stocks
- Pot stocks could be about to smoke the ASX
- These 6 stocks have dropped more than 18% in the past week
- 3 BIG dividend shares to beat Australia and New Zealand Banking Group
- 4 growth stocks I'd buy with $4,000 today
