The local share market rebounded today following yesterday's heavy decline.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7% to 5650 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.7% to 5706 points
- AUD/USD at US 75.48 cents
- Iron Ore at US$81.13 a tonne, according to the Metal Bulletin
- Gold at US$1,217.41 an ounce
- Brent oil at US$55.48 a barrel
BlueScope Steel Limited (ASX: BSL) and ResMed Inc. (CHESS) (ASX: RMD) stole the show for the ASX 200 today.
BlueScope Steel rallied 8% following a business update this morning that forecast first-half earnings to be significantly higher than the figure previously estimated. Meanwhile, ResMed announced its results for the second quarter of financial year 2017 with revenue increasing 17% on the prior corresponding period. Its shares rose 7.2%.
Meanwhile, South32 Ltd (ASX: S32) also rallied 6.3% following yesterday's decline, while Whitehaven Coal Ltd (ASX: WHC) gained 5% and Fortescue Metals Group Limited (ASX: FMG) rose 5.5%.
Rare earths miner Lynas Corporation Limited (ASX: LYC) ended the session 8.6% higher as well.
Liquefied Natural Gas Ltd (ASX: LNG) was unable to continue yesterday's impressive rally. Its shares declined 6.3%.
iSentia Group Ltd (ASX: ISD) also declined 1.9% while TPG Telecom Ltd (ASX: TPM) ended the day 1.3% lower.
Here are Tuesday's top stories:
