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 0.72% to 5,832.30
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.72% to 5,943.70
- AUD/USD at US 77 cents
- Gold at US$1,349.30 an ounce
- Brent Oil at US$70.31 a barrel
The best result in the ASX200 today came from Western Areas Ltd (ASX: WSA), the resource company went up by 9.3% after it seems that the trade war between the US and China might be averted and also that nickel is expected to go higher over the next couple of years.
Other resource companies were also top performers including Independence Group NL (ASX: IGO) which went up by 5.42% and Orocobre Limited (ASX: ORE) grew by 4.72%.
Fortescue Metals Group Limited (ASX: FMG) dropped by 0.65% after revealing iron ore guidance that was slightly less than the market was hoping for.
The Newcrest Mining Limited (ASX: NCM) dropped by 1.74% today after it gave an update on its Cadia operation. Other gold miners also dropped today in response to the market gaining confidence, for example Northern Star Resources Ltd (ASX: NST) was down by 1.74%.
Finally, growth stocks like Altium Limited (ASX: ALU) and a2 Milk Company Ltd (ASX: A2M) were up 2.5% and 4.82% respectively today.
Here are some of today's top stories:
- Why the Apollo Tourism & Leisure Ltd share price is up over 4% today
- Labor says it will repeal company tax cuts
- Oz Minerals Limited offers half a billion for Avanco Resources Limited
- The Whitehaven Coal Ltd share price climbs 5% higher on broker's upgrade
- Is Catapult Group International Ltd a buy yet?
