The BHP Billiton Limited (ASX: BHP) share price was among those that benefited from a rise in the oil price today, while iron ore managed a small rebound as well. The broader market did dip towards the end of the session, but ultimately ended the day on a high note.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.3% to 5876 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.3% to 5915 points
- AUD/USD at US 75.64 cents
- Iron Ore at US$79.45.93 a tonne, according to the Metal Bulletin
- Gold at US$1,255.16 an ounce
- Brent oil at US$54.41 a barrel
The rise in the price of coal also likely contributed to BHP's 3.5% jump. That said, the Whitehaven Coal Ltd (ASX: WHC) share price declined 0.6% for the day, reversing some of yesterday's returns.
Metcash Limited (ASX: MTS) also retreated today, down 4.9%, while the G8 Education Ltd (ASX: GEM) share price and Seven West Media Ltd (ASX: SWM) share price slipped 4.3% and 5.1%, respectively.
The Vita Group Limited (ASX: VTG) share price managed a strong resurgence after it collapsed on Tuesday. The share price rebounded 8.3% today, ending the session at $2.75.
The Galaxy Resources Ltd (ASX GXY) share price was among the biggest winners today, rising 7.2%. Bellamy's Australia Ltd (ASX: BAL) backed up yesterday's strong performance with another rally today as well, lifting 3.4% for the session.
Other shares that performed well today were St Barbara Ltd (ASX: SBM), up 3.6%, South32 Ltd (ASX: S32), up 3.5%, and Sky Network Television Ltd (ASX: SKT), which rose 3.2%.
Here are Wednesday's top stories:
