Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Tuesday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.06% to 6,061.30
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.02% to 6,166.00
- AUD/USD at US 78.4 cents
- Gold at US$1,305.60 an ounce
- Oil at US$60.59 a barrel
One of the biggest movers of the day was Pilbara Minerals Ltd (ASX: PLS), which rose by 5.83% today. The share price of the lithium miner continues to grow as the excitement about lithium, batteries and electric vehicles grows.
The Syrah Resources Ltd (ASX: SYR) share price ended the day up 4.43% to $4.71. Syrah is currently the most shorted stock on the ASX, as my colleague James Mickleboro noted in this article.
The gold miners had a good day today with Saracen Mineral Holdings Limited (ASX: SAR) and Resolute Mining Limited (ASX: RSG) up 2.66% and 2.63% respectively.
The Myer Holdings Ltd (ASX: MYR) share price was one of the biggest losers today after it fell 2.27%, giving up around half of the 4.76% gain it had made last Friday.
Finally, the largest fall in the ASX200 belonged to the shares of IPH Ltd (ASX: IPH), which went down by 2.73%. The fall could be due to profit taking with the share price up by 15% since the start of October and no news today.
Here are some of today's top stories:
