ASX 200 fades but Brexit share market rally lives on

Local shares followed international markets higher this morning. Although the market gradually fell towards yesterday’s closing price, it still managed to close in the black, ensuring a positive start to the new financial year.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.3% to 5246 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.3% to 5327 points
  • AUD/USD at US 74.59 cents
  • Iron Ore at US$55.66 a tonne, according to the Metal Bulletin
  • Gold at US$1,333.42 an ounce
  • Brent oil at US$50.02 a barrel

The banks weighed on the market’s performance today. Australia and New Zealand Banking Group (ASX: ANZ) fell 0.7%, following a strong rebound in recent sessions, while Westpac Banking Corp (ASX: WBC) dropped 0.6%.

The miners, on the other hand, enjoyed strong gains after a lift in the iron ore price overnight. BHP Billiton Limited (ASX: BHP) rose 2.4% and Rio Tinto Limited (ASX: RIO) was up 1.3%.

Gold miners were also back in favour today after heavy falls in recent sessions. EVOLUTION FPO (ASX: EVN) soared 10.7%, while St Barbara Ltd (ASX: SBM) was up 9.5%.

Some of the other big winners for the day included Mesoblast limited (ASX: MSB) and Liquefied Natural Gas Ltd (ASX: LNG), which soared 15.4% and 12.5% respectively.

Here are Friday’s top stories:

  1. Top stock picks for July
  2. Why the Aconex Limited share price is flying today
  3. Brokers name 3 ASX shares to buy today
  4. Shares in BHP Billiton Limited jump around 3% despite negative Samarco news
  5. Shaver Shop Group Ltd to list on ASX today. Is it a buy?
  6. 5 defensive shares to buy for 2016-17
  7. This is why your SMSF likely had a shocker of a year

How 1 Man Turned $10K Into Over $8 Million

Discover how one man turned a modest $10,600 investment into an $8,016,867 fortune. Learn more about this man and how you can start down the path toward financial independence. Simply click here to learn more.

Motley Fool contributor Ryan Newman has no position in any stocks mentioned. 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.

HOT OFF THE PRESSES: My #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.