Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Tuesday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.75% to 6,037.00
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.74% to 6,151.10
- AUD/USD at US 79.9 cents
- Gold at US$1,333.15 an ounce
- Brent Oil at US$69.38 a barrel
The ASX indices have recovered strongly today, with the ASX200 rising above the 6,000 level again.
The biggest rise in the ASX200 today came from Domain Holdings Australia Limited (ASX: DHG), it went up by 9.09%. The market probably thought yesterday's fall was overdone and presented an opportunity.
Another major gain was by ResMed Inc. (CHESS) (ASX: RMD), it gave its quarterly update today. The market sent the share price up by 8.42%.
Lithium miner Pilbara Minerals Ltd's (ASX: PLS) share price charged up for shareholders, it grew by 7.45%. Fellow commodity company Lynas Corporation Ltd (ASX: LYC) also had a good day, the share price rose by 7.45%.
To round off the top ASX200 performers, WiseTech Global Ltd (ASX: WTC) rose by 5.5%.
Australian Pharmaceutical Industries Ltd (ASX: API) shareholders seemed unimpressed by yesterday's update, which is likely why the share price fell by 6.1% today.
QBE Insurance Group Ltd (ASX: QBE) finished the day down 0.57% after investors had to come to terms with another profit downgrade.
Finally, media company HT&E Ltd (ASX: HT1) saw its share price fall by 5% today on news that the ATO has issued amended tax assessments. The additional tax plus interest currently totals more than $100 million.
Here are some of today's top stories:
- UBS turns bullish on Domain Holdings Australia Ltd after its share price crash
- Can QBE Insurance Group Ltd ever get it together?
- Catapult Group International Ltd shares edge lower on quarterly update
- ResMed Inc. (CHESS) reports strong sales growth
- Growth stocks set for a strong run as IMF upgrades global growth to highest in eight years
