Local shares effectively reversed yesterday's decline with an afternoon flurry today.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.1% to 5621 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.1% to 5672 points
- AUD/USD at US 76.71 cents
- Iron Ore at US$80.60 a tonne, according to the Metal Bulletin
- Gold at US$1,232.71 an ounce
- Brent oil at US$55.85 a barrel
Transurban Group (ASX: TCL) shot the lights out with its earnings update today, sending the share price rocketing 6.4% higher.
The gold miners were on fire as well after a sharp rise in the gold price. St Barbara Ltd (ASX: SBM) soared 4.9%, Northern Star Resources Ltd (ASX: NST) gained 3.9% and EVOLUTION FPO (ASX: EVN) gained 4.4%.
Bega Cheese Ltd (ASX: BGA) also rose 2.5%.
Unfortunately, there were a number of blue chip businesses which acted as a drag on the broader market
Macquarie Group Ltd (ASX: MQG) fell 1.4% after its earnings update, with Westpac Banking Corp (ASX: WBC) and Telstra Corporation Ltd (ASX: TLS) down 0.3% and 1.4%, as well.
Meanwhile, Mobile Embrace Ltd (ASX: MBE) was one of the biggest losers for the day. Its shares were hammered 46.7% after a disappointing market update this morning.
Here are Tuesday's top stories:
