The Santa Rally continued today with the benchmark ASX 200 index even topping 5,600 points for much of the day.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.5% to 5591 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.5% to 5640 points
- AUD/USD at US 72.53 cents
- Iron Ore at US$81.22 a tonne, according to the Metal Bulletin
- Gold at US$1,138.91 an ounce
- Brent oil at US$54.80 a barrel
Fortescue Metals Group Limited (ASX: FMG) slipped another 1% today, even though its corporate credit rating was upgraded by S&P Global Ratings.
Its rivals BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) also slipped 0.7% and 0.5%, respectively.
Telstra Corporation Ltd (ASX: TLS) and Commonwealth Bank of Australia (ASX: CBA) provided some drive, however, lifting 1% each.
Automotive aftermarket parts business Bapcor Ltd (ASX: BAP) rallied 4.6% for the day. Seven West Media Ltd (ASX: SWM) also gained 6%, despite plenty of negativity in the press related to its CEO.
Regis Resources Limited (ASX: RRL), EVOLUTION FPO (ASX: EVN) and Newcrest Mining Limited (ASX: NCM) all rallied between 4% and 7.7%.
Syrah Resources Ltd (ASX: SYR) was one of the market's best on Monday, but one of its worst today. It shed 6.4%. Bega Cheese Ltd (ASX: BGA) also fell 6.7%.
Here are Tuesday's top stories:
- 5 blue chip shares in the ASX100 I've got my eye on
- How to smash term deposits with these 3 high-yielding dividend shares
- 4 easy ways to profit from the falling Australian dollar in 2017
- REVEALED: The 5 WORST ASX shares of 2016
- The Fortescue Metals Group Limited share price is climbing on its credit upgrade
- 3 reasons to own Telstra Corporation Ltd shares in 2017
