Here’s what happened on the ASX today

Local shares continued to rise today, taking the lead set by Wall Street overnight.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.4% to 4964 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.4% to 5042 points
  • AUD/USD at US 76.28 cents
  • Iron Ore at US$54.75 a tonne, according to the Metal Bulletin
  • Gold at US$1,228.65 an ounce
  • Brent oil at US$40.12 a barrel

The banks produced a mixed set of results once again, but the iron ore miners and energy producers helped to buoy the market.

While junior iron ore miner Arrium Ltd (ASX: ARI) entered into voluntary administration, industry behemoth BHP Billiton Limited (ASX: BHP) managed to lift 1.6%.

Meanwhile, energy giants Woodside Petroleum Limited (ASX: WPL) and Santos Ltd (ASX: STO) gained 1.8% and 3.5%. Senex Energy Ltd (ASX: SXY) also managed to extend yesterday’s rebound after three days of heavy losses. Its shares gained 10.2%.

Westpac Banking Corp (ASX: WBC) was the best of the banks, rising 0.6%, while CSL Limited (ASX: CSL) also rose 1.1%.

Harvey Norman Holdings Limited (ASX: HVN) was one of the worst performers for the day, slipping 4.2%.

Here are Thursday’s top stories:

  1. Arrium Ltd: The writing was on the wall five years ago
  2. Why the Bank of Queensland Limited share price is crumbling today
  3. 4 hot ASX shares you might want to buy today
  4. It’s official: Arrium Ltd enters voluntary administration
  5. Oil rally sends ASX shares rocketing today
  6. Is the Blackmores Limited share price headed over $200 again?

New Potentially Life-Changing Share Picks Just Released

The Motley Fool's renowned dividend investing guru recently revealed his newest dividend buy recommendation and short list of 3 Best Dividend Buys Now. Which means if you're reading this message right now, you're not on the list to uncover their names before they potentially go gangbusters. Simply click here to learn more about these shares.

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

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.