The ASX's early gains eroded as the day went on, but still ended the day in the black.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7% at 5103 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.7% at 5130 points
- AUD/USD at US 71.35 cents
- Iron Ore at US$57.30 a tonne, according to the Metal Bulletin
- Gold at US$1,133/66 an ounce
- Brent oil at US$48.41 a barrel
The ASX received a boost this morning after a reasonable session for international equity markets overnight. The recovery soon lost its steam as the banks retreated from their early highs while the miners also fell away.
Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) both ended the day lower, falling 1.2% and 3% respectively. For the banks, Westpac Banking Corp (ASX: WBC) was the top performer, lifting 0.8%.
Telstra Corporation Ltd (ASX: TLS) was the most notable blue-chip stock to rise today. The shares rose 2% while Woodside Petroleum Limited (ASX: WPL) and Woolworths Limited (ASX: WOW) also rose 2.8% and 1.2%.
Horizon Oil Ltd (ASX: HZN) was the top performing stock for the day, lifting 8.1%. Unfortunately, neither TPG Telecom Ltd (ASX: TPM) nor Slater & Gordon Limited (ASX: SGH) came to the party, shedding 4.6% and 4.2% respectively.
Here are Tuesday's top stories:
- Here's what you need to know about TPG Telecom Ltd's blockbuster profit
- Broker warns that Big Four bank dividends are at risk of being cut
- Up 43% in a month, why is this $1 billion company still unknown?
- New Hope Corporation Limited (ASX: NHC) has charmed investors with a special dividend
- Is this the end of Australia's fledgling bitcoin industry, already?
- Here's what a $10,000 investment in Greencross Limited (ASX: GXL) in 2010 looks like today
