The local share market rallied today, despite the weak lead set by Wall Street on Friday.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.5% to 5562 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.4% to 5612 points
- AUD/USD at US 72.93 cents
- Iron Ore at US$81.49 a tonne, according to the Metal Bulletin
- Gold at US$1,139.30 an ounce
- Brent oil at US$55.56 a barrel
Fortescue Metals Group Limited (ASX: FMG) shares slipped 4.8% after it announced that negotiations between itself and Vale were continuing, but that it was looking less likely a transaction would actually be completed.
Its rivals BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) gained 0.4% each.
Sirtex Medical Limited (ASX: SRX) shares slipped 4.1% after it announced its CEO, Mr Gilman Wong, would take temporary leave while his share trading activities from October are investigated.
Legal eagle Shine Corporate Ltd (ASX: SHJ) plunged 13.2% after it flagged challenging conditions in its Energy & Resources practice area.
Shine expects group EBITDA (earnings before interest, tax, depreciation and amortisation) to be between $36 million and $40 million for the full-year.
Blue chips such as Telstra Corporation Ltd (ASX: TLS) and Woolworths Limited (ASX: WOW) provided some drive today. They lifted 1% and 1.3%, respectively.
Syrah Resources Ltd (ASX: SYR) and South32 Ltd (ASX: S32) were among the market's best performers today. They rose 6.4% and 1.9%, while Sydney Airport Holdings Ltd (ASX: SYD) gained 1.9% as well.
Meanwhile, Bega Cheese Ltd (ASX: BGA) and Seven West Media Ltd (ASX: SWM) were two of the worst performers, slipping 4.8% and 8%.
Here are Monday's top stories:
- Sirtex Medical Limited CEO takes leave as it investigates share selling
- 3 small-cap shares to cheer up your portfolio in 2017
- 5 large cap shares I'm tipping to have a good 2017
- Will JB Hi-Fi Limited's share price survive Amazon.com's arrival in Australia?
- Please Explain: Atlas Iron Limited shares surge 45% in a month
- 3 reasons to buy Commbank, Westpac, NAB and ANZ shares in 2017
