Local shares soared higher again today, bolstered by strong performances from the big four banks and the miners.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.9% to 5478 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.9% to 5535 points
- AUD/USD at US 74.29 cents
- Iron Ore at US$79.73 a tonne, according to the Metal Bulletin
- Gold at US$1,169.05 an ounce
- Brent oil at US$53.06 a barrel
A rising iron ore price helped BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) today. The pair gained 1% and 2.9%, while Fortescue Metals Group Limited (ASX: FMG) gained 4.3%.
Westpac Banking Corp (ASX: WBC) and Australia and New Zealand Banking Group (ASX: ANZ) were strong as well, both lifting 1.5%.
A number of high-yield dividend shares also rose today, perhaps as a result of Australia's weak GDP figures which could keep interest rates lower, for longer. Sydney Airport Holdings Ltd (ASX: SYD) was one of the more notable examples, gaining 1.3%.
Elsewhere, TPG Telecom Ltd (ASX: TPM) was a shining light for the market after its annual general meeting. Its share price rose 7%.
Aconex Ltd (ASX: ACX) also soared 6.6%, with REA Group Limited (ASX: REA) and Bapcor Ltd (ASX: BAP) up 4.7% and 7.8%, respectively.
Aged care operator Regis Healthcare Limited (ASX: REG) was among the biggest losers today, following yesterday's rally. Its shares dropped 4%.
Gold miners Northern Star Resources Ltd (ASX: NST) and EVOLUTION FPO (ASX: EVN) also slipped 0.9% and 1.6%, with Origin Energy Ltd (ASX: ORG) down 2.6%.
Here are Wednesday's top stories:
- What today's GDP number means for investors
- Why TPG Telecom Ltd is among 4 shares SOARING on today
- Why Bapcor Ltd shares are moving up a gear today
- Attention Bargain Hunters: 3 shares I'd buy in 2017
- Amazon Go: Is this the future of retail?
- Is the Commonwealth Bank of Australia share price dirt cheap?
- 5 retail shares in danger of declining in 2017
