Here’s what happened to the ASX 200 today

Local shares ended the 2015-16 financial year in style today, continuing what has been a remarkable turnaround for many markets around the globe since Friday’s Brexit vote.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.7% to 5,228 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1.7% to 5,310 points
  • AUD/USD at US 74.27 cents
  • Iron Ore at US$53.89 a tonne, according to the Metal Bulletin
  • Gold at US$1,316.13 an ounce
  • Brent oil at US$50.72 a barrel

The banks led the market higher again today. Australia and New Zealand Banking Group (ASX: ANZ) rose another 2.2% while National Australia Bank Ltd. (ASX: NAB) surged 2.8%.

Unfortunately, CYBG PLC CDI 1:1 (ASX: CYB), or Clydesdale Bank, lost another 0.5% despite rising earlier in the session.

Shares in the resources sector were on top today, as well. BHP Billiton Limited (ASX: BHP) gained 1.9% with Woodside Petroleum Limited (ASX: WPL) and Santos Ltd (ASX: STO) up 2.8% and 2.2%, respectively.

The gold miners, on the other hand, fell further with investors becoming increasingly willing to return to ‘riskier’ assets. Newcrest Mining Limited (ASX: NCM) dropped 2.2%, while St Barbara Ltd (ASX: SBM) lost 3.9%.

Mayne Pharma Group (ASX: MYX) was one of the big winners for the day. Its shares soared 28.3% following the acquisition of a portfolio of drug products.

Here are Thursday’s top stories:

  1. Why these 3 dividend stocks could be your best bet in 2016-17
  2. Kathmandu Holdings Ltd set to climb on profit upgrade
  3. Why Brexit might not even happen
  4. 10 ways to become RICH in your 20s
  5. Is Macquarie Group Ltd headed for a downgrade?
  6. 3 overlooked and cheap companies with big dividends
  7. Why the Mayne Pharma Group share price is going gangbusters

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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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