Here’s what happened to the ASX 200 today

Local shares exploded today as investors continue to discount the likelihood of Britons voting to leave the European Union this week. The vote could still go either way, but the odds of a Brexit appear to have diminished slightly in recent days.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.8% to 5256 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1.7% to 5335 points
  • AUD/USD at US 74.43 cents
  • Iron Ore at US$51.05 a tonne, according to the Metal Bulletin
  • Gold at US$1,284.53 an ounce
  • Brent oil at US$49.70 a barrel

The banks were a big factor behind today’s strong rally. All four banks rose at least 2.7%, with Commonwealth Bank of Australia (ASX: CBA) up an impressive 3% and Westpac Banking Corp (ASX: WBC) up 2.8%.

The miners were on fire, too. BHP Billiton Limited (ASX: BHP), Woodside Petroleum Limited (ASX: WPL) and Santos Ltd (ASX: STO) all rose between 4.4% and 9.6% on the soaring oil price, while Rio Tinto Limited (ASX: RIO) gained 3.2%.

The gold miners weren’t so lucky. Newcrest Mining Limited (ASX: NCM) dropped 2.5% and Beadell Resources Limited (ASX: BDR) fell 6%.

Metcash Limited (ASX: MTS) was one of the worst performers for the day, shedding 12.5%. Mesoblast limited (ASX: MSB), on the other hand, gained 11.8%.

Here are Monday’s top stories:

  1. Why Brexit will be a non-event
  2. CRASH: Why Metcash Limited shares tanked 14%
  3. 3 foundation shares for your SMSF
  4. Why Slater & Gordon Limited shares could sink lower
  5. 10 things I’ve learned from The Motley Fool Australia
  6. CRASH! Here’s why the ERM Power Ltd share price crashed 22% today

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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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