Today, the Australian share market rose healthily, as oil prices stabilised and the Bank of Japan moved to stimulate its economy.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7%
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.7%
- AUD/USD at US 70.63 cents
- Iron Ore at US $41.47 according to The Metal bulletin
- Gold at US$1,121.61 an ounce
- Brent oil at US$35.99 a barrel
The local share market headed higher this morning following strong gains from international markets on Friday. US and European sharemarkets were bolstered by a decision from the Bank of Japan to adopt a negative interest rate policy to encourage spending and consumption.
The S&P/ASX 300 Metal & Mining (Index: ^AXMM) (ASX: XMM) index was the worst-performing sector on the ASX. BHP Billiton Limited (ASX: BHP) and Santos Ltd (ASX: STO) both ended lower. Sundance Energy Australia Ltd (ASX: SEA) fell 16.7% while Bega Cheese Ltd (ASX: BGA) ended 10.7% lower.
Shares included in the S&P/ASX 200 Health Care (Index: ^AXHJ) (ASX: XHJ) index were among the top-performing. CSL Limited (ASX: CSL) and Cochlear Ltd (ASX: COH) pushed 3.6% and 1.7% higher, respectively. Kathmandu Holdings Ltd (ASX: KMD), Independence Group NL (ASX: IGO) and Cardno Limited (ASX: CDD) were the ASX's top three movers.
Here are Monday's top stories:
