The Myer Holdings Ltd (ASX: MYR) share price soared 18.3% today with The Australian Financial Review's Street Talk column suggesting Solomon Lew was behind a large purchase of shares, thus driving the share price higher. The broader market staged a strong comeback as well, but still ended the session in the red.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.1% to 5746 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.1% to 5789 points
- AUD/USD at US 76.27 cents
- Iron Ore at US$85.06 a tonne, according to the Metal Bulletin
- Gold at US$1,256.29 an ounce
- Brent oil at US$50.74 a barrel
While Myer was the top-performing share from the ASX 200, the Evolution Mining Ltd (ASX: EVN) share price was among those that benefited from a stronger gold price. The EVN share price ended the session 5.4% higher with Silver Lake Resources Limited. (ASX: SLR) up 3.4% as well.
Mayne Pharma Group Ltd (ASX: MYX) shares rose 3.7% while the Sirtex Medical Limited (ASX: SRX) share price lifted 2.1% for the day.
Meanwhile, it was the banks that helped the broader market recover after falling sharply this morning. The Australia and New Zealand Banking Group (ASX: ANZ) share price rose 0.3% for the day.
The iron ore miners, on the other hand, suffered as a result of a lower iron ore price. BHP Billiton Limited (ASX: BHP) closed 2.9% lower and Fortescue Metals Group Limited (ASX: FMG) dropped 3%. The South32 Ltd (ASX: S32) share price slipped 1.8% as well.
Here are Monday's top stories:
