Market Wrap: ANZ and BHP provide boost for ASX

Australian shares ended higher today, despite negative leads from international markets overnight.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.6% to 4976 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.5% to 5028 points
  • AUD/USD at US 70.43 cents
  • Iron Ore at US$42.43 a tonne, according to the Metal Bulletin
  • Gold at US$1,120.97 an ounce
  • Brent oil at US$32.79 a barrel

The local share market shrugged off an early decline today, ending the day in the black. A 1.5% gain from Australia and New Zealand Banking Group (ASX: ANZ) provided plenty of support while the miners also ended the day higher.

Shares of BHP Billiton Limited (ASX: BHP) climbed 0.6% and Rio Tinto Limited (ASX: RIO) rose 2.2%, but Fortescue Metals Group Limited (ASX: FMG) was the big winner. Its shares gained 4.1%.

Woolworths Limited (ASX: WOW) was also on the winners’ list, rising 1.5%, while Sundance Energy Australia Ltd (ASX: SEA) gained 15.8%.

Slater & Gordon Limited (ASX: SGH) and AWE Limited (ASX: AWE) weren’t so lucky, falling 14.3% and 11.5% respectively.

Here are Thursday’s top stories:

  1. Australia and New Zealand Banking Group flags dividend cut
  2. 6 top investment tips for millennials in 2016
  3. The end of an era for Aussie blue chip shares
  4. Asciano Ltd shares soar on Qube Holdings Ltd takeover bid
  5. A falling Australian dollar is hurting Australian retailers
  6. CRASH: Why the Lovisa Holdings Ltd share price got hammered today
  7. Can Fortescue Metals Group Ltd become the world’s lowest-cost producer?

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. You can follow Ryan on Twitter @ASXvalueinvest.

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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