Local shares dipped this morning but recovered nicely in the afternoon, with the market ending the day on top. It rose 1.5% for the week.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.3% to 5,166 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.3% to 5,224 points
- AUD/USD at US 74.87 cents
- Iron Ore at US$57.92 a tonne, according to the Metal Bulletin
- Gold at US$1,271.07 an ounce
- Brent oil at US$40.78 a barrel
It was another bumpy day for mining shares but their losses were more than compensated for by gains from Australia's biggest banks.
Although Australia and New Zealand Banking Group (ASX: ANZ) fell 0.3%, its three peers all ended the day in the black. National Australia Bank Ltd. (ASX: NAB) was the best, rising 0.9%, while Westpac Banking Corp (ASX: WBC) also gained 0.7%.
BHP Billiton Limited (ASX: BHP) didn't fare so well, falling 0.5%, while Fortescue Metals Group Limited (ASX: FMG) also fell 2.2%.
Beadell Resources Ltd (ASX: BDR) and EVOLUTION FPO (ASX: EVN) both gained 7.8% and 5% after a rise in the price of gold. Paladin Energy Ltd (ASX: PDN) wasn't so lucky, losing 4.6%.
Here are Friday's top stories:
- Gold shares jump as volatility returns
- Here's why these 3 energy shares are still a dangerous bet
- Tourism BOOM: Which travel companies should you buy?
- Here's why the Slater & Gordon Limited shares have been punished
- 5 reasons to stick with your Flight Centre Travel Group Ltd shares
- 3 growth shares flying under the radar
- 3 explosive small-caps that could be a bargain at today's prices
