The local share market surged higher today, driven by a number of blue chip shares such as BHP Billiton Limited (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG).
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.9% to 5772 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.8% to 5820 points
- AUD/USD at US 80.18 cents
- Iron Ore at US$73.70 a tonne, according to the Metal Bulletin
- Gold at US$1,269.79 an ounce
- Brent oil at US$52.76 a barrel
The BHP share price and Fortescue share price both benefited from the iron ore price which rampaged higher overnight on supply concerns. The pair rose 1.2% and 1.4% respectively. The Rio Tinto Limited (ASX: RIO) share price also ended the day in the black.
Coca-Cola Amatil Ltd (ASX: CCL) shares also lifted 2.9%, and the Commonwealth Bank of Australia (ASX: CBA) share price jumped 1%.
Meanwhile, the Credit Corp Group Limited (ASX: CCP) share price jumped 6.7% following a positive earnings report, in which its net profit after tax rose 2% to $55.2 million during FY2017.
Treasury Wine Estates Ltd (ASX: TWE) also gained 4.8%, and Whitehaven Coal Ltd (ASX: WHC) rose 6.7%.
Elsewhere, the iSentia Group Ltd (ASX: ISD) share price didn't perform so well, dropping 20.7% following an earnings guidance downgrade. The Freelancer Ltd (ASX: FLN) share price dropped 23.7%, too, after a bad earnings report.
Here are Tuesday's top stories:
