ASX 200 soars to 9-month high: Here’s what happened on the market today

Credit: Pictures of Money

Local shares soared to their highest level since August today. They also recorded their seventh consecutive week in the black in a rise driven by the banks and other high-yield businesses.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.3% to 5405 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.3% to 5469 points
  • AUD/USD at US 72.19 cents
  • Iron Ore at US$49.90 a tonne, according to the Metal Bulletin
  • Gold at US$1,218.18 an ounce
  • Brent oil at US$49.15 a barrel

Australia and New Zealand Banking Group (ASX: ANZ) was again the standout for the banks, lifting 1.2%. Westpac Banking Corp (ASX: WBC) shares also rose 0.8%.

Meanwhile, Telstra Corporation Ltd (ASX: TLS) gained 0.2%, Wesfarmers Ltd (ASX: WES) recovered 1.9%, and Medibank Private Ltd (ASX: MPL) lifted 1.9%.

The miners didn’t perform so strongly. Rio Tinto Limited (ASX: RIO) fell 1.4%, while South32 Ltd (ASX: S32) dropped 0.9%.

Myer Holdings Ltd (ASX: MYR) was one of the worst for the day, falling 3.1%. Aconex Limited (ASX: ACX), on the other hand, rose 2.9% after another analyst upgrade.

Here are Friday’s top stories:

  1. Broker names 3 stocks to buy, and 2 to sell
  2. 3 dividend shares to boost your retirement portfolio
  3. How much higher can Cochlear Limited and CSL Limited shares go?
  4. Why Appen Limited shares are going gangbusters
  5. Broker slaps $95.60 price target on Macquarie Group Ltd
  6. Is it time to sell Wesfarmers Ltd?
  7. 3 reasons you should sell Woolworths Limited shares

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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.

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