Local shares bounced back from their earlier losses and ended the day mostly flat.
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 4,975 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.1% to 5,022 points
- AUD/USD at US 70.91 cents
- Iron Ore at US$45.73 a tonne, according to the Metal Bulletin
- Gold at US$1,166.21 an ounce
- Brent oil at US$34.28 a barrel
The miners again provided a pillar of support for the broader market after iron ore prices rose during the latest session. BHP Billiton Limited (ASX: BHP) gained another 1.1% while Rio Tinto Limited (ASX: RIO) gained 2.2%.
The gold miners put on an even greater display. Newcrest Mining Limited (ASX: NCM) jumped 3.7%, while EVOLUTION FPO (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) gained 6.5% and 4% respectively.
Unfortunately, however, their efforts were mostly offset by the major banks. Australia and New Zealand Banking Group (ASX: ANZ) and National Australia Bank Ltd. (ASX: NAB) both fell more than 1%, while all four ended the day in the red.
Ansell Limited (ASX: ANN) was one of the top performers for the day, rising 7.3%. OzForex Group Ltd (ASX: OFX), on the other hand, crashed 42.1%.
Here are Monday's top stories:
- CRASH: Why the OzForex Group Ltd share price plummeted 39% today
- JB Hi-Fi Limited results: Profit up 7.5%
- Capitol Health Ltd's MD should knock back options offer
- Could a bidding war erupt for Greencross Limited?
- Why the Capilano share price is buzzing higher today
- Liquefied Natural Gas Ltd shareholders: Look away now
- February 2016 Reporting Season – Week 1 – Wrap Up