The Slater & Gordon Limited (ASX: SGH) share price was hot on the market today, surging 40.9%. Despite the surge, however, the shares are still trading well below the price at which they begun the week with investors still cautious to move into the stock.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.3% to 5776 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1.2% to 5820 points
- AUD/USD at US 76.57 cents
- Iron Ore at US$91.26 a tonne, according to the Metal Bulletin
- Gold at US$1,246.10 an ounce
- Brent oil at US$56.32 a barrel
The local market surged higher today, bolstered by positive gains enjoyed by international equity markets overnight.
The BHP Billiton Limited (ASX: BHP) share price was among the biggest beneficiaries from the blue chips. The BHP share price surged 3.3%. The South32 Ltd (ASX: S32) share price also soared 9.2% while Rio Tinto Limited (ASX: RIO) rose 3.5%.
The Commonwealth Bank of Australia (ASX: CBA) share price was hot as well, up 1.3%, although the Telstra Corporation Ltd (ASX: TLS) share price continued to crumble. It fell another 1.5% and hit its lowest price since 2013.
Elsewhere, the Independence Group NL (ASX: IGO) share price rose 9%, with fellow gold miner St Barbara Ltd (ASX: SBM) up 3.2% as well.
Alumina Limited (ASX: AWC) also soared 9% while Spotless Group Holdings Ltd (ASX: SPO) rebounded 3.2%.
Unlike yesterday, there weren't too many businesses that finished deep in the red. iSentia Group Ltd (ASX: ISD), however, slipped another 1.3% while Sydney Airport Holdings Ltd (ASX: SYD) closed 1.5% lower.
Here are Thursday's top stories:
