S&P/ASX 200 jumps as RBA holds interest rates

The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) traded 0.5% higher on Tuesday following positive leads from international markets and the RBA's interest rate decision. Regis Healthcare Ltd (ASX:REG), Japara Healthcare Ltd (ASX:JHC) and Estia Health Ltd (ASX:EHE) rocketed higher.

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The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) traded 0.5% higher on Tuesday following positive leads from international markets and the Reserve Bank of Australia's (RBA) decision to keep interest rates on hold.

Here's a recap:

  • FTSE 100 (UK): up 0.2%
  • DAX (Germany): up 1.6%
  • CAC 40 (France): up 1%
  • Dow Jones (USA): up 0.2%
  • NASDAQ (USA): up 1%

Following the broad based gains on overseas markets, commodities producers were again among the biggest winners. South32 Ltd (ASX: S32) shares ended up 3%, while the major miners also closed higher.

The RBA's decision to keep interest rates on hold buoyed most of the big bank shares, with Australia and New Zealand Banking Group (ASX: ANZ) and Commonwealth Bank of Australia (ASX: CBA) ending up 0.8% and 0.4%, respectively.

But by far the biggest gainers on the market were aged care providers, Regis Healthcare Ltd (ASX: REG), Japara Healthcare Ltd (ASX: JHC) and Estia Health Ltd (ASX: EHE). Respectively, the providers ended up 13%, 11.9% and 11.5% following media speculation.

Elsewhere, G8 Education Ltd (ASX: GEM) ended 5.3% higher thanks to a positive trading update released to the market on Monday.

Among the worst performers were gas tolling facility owner Liquefied Natural Gas Ltd (ASX: LNG), down 3.6%, and Regis Resources Ltd (ASX: RRL), down 5.3%.

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Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @ASXinvest. The Motley Fool Australia owns shares of Retail Food Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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