Market Wrap: ASX rebounds as BHP shares fire up

The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) followed the lead set by its international counterparts.

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The local share market regained some composure today, following the lead set by its international counterparts.

Here's a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.6% to 4843 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1.6% to 4893 points
  • AUD/USD at US 71.58 cents
  • Iron Ore at US$43.65 a tonne, according to the Metal Bulletin
  • Gold at US$1,220.42 an ounce
  • Brent oil at US$33.15 a barrel

After share markets around the world rallied on Friday night, the ASX also gathered some steam. It ended the day more than 1.5% higher, bolstered by an 11% rise in oil prices on Friday.

BHP Billiton Limited (ASX: BHP) shares certainly benefited from the rebound. Its shares gained 5.9% today, while Woodside Petroleum Limited (ASX: WPL) also gained 5%.

They weren't the only companies in the resources sector bouncing today. Rio Tinto Limited (ASX: RIO) shares rose 4.3%, while South32 Ltd (ASX: S32) and Fortescue Metals Group Limited (ASX: FMG) gained 7.9% and 5.3%, respectively.

Although Telstra Corporation Ltd (ASX: TLS) actually fell 2.3%, each of the major banks generated reasonable gains. Australia and New Zealand Banking Group (ASX: ANZ) was the best, rising 3%, while Commonwealth Bank of Australia (ASX: CBA) produced the smallest gain, up 1.3%.

Amcor Limited (ASX: AMC) shares rose an impressive 9.6% after it announced a strong interim profit result, but Aurizon Holdings Ltd (ASX: AZJ) fell 11.2%.

Here are Monday's top stories:

  1. Here's why the BHP Billiton Limited share price jumped 5.4% today
  2. Why Amcor Limited shares are rocketing today
  3. Deal or No Deal: Greencross Limited takeover bid increases
  4. Newcrest Mining Limited reports: What you need to know
  5. Why the Aurizon Holdings Ltd share price is sinking today
  6. Why you're richer than you think you are

Petrol retailers asked to explain why motorists are being ripped off

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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