Here’s what happened to the ASX 200 on Thursday

Local shares rebounded strongly today after two days in the red due to ongoing Brexit fears. The miners were strong, while the banks also recovered some of yesterday’s losses.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 30 points to 5227 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 26 points to 5311 points
  • AUD/USD at US 75.18 cents
  • Iron Ore at US$55.93 a tonne, according to the Metal Bulletin
  • Gold at US$1,368.35 an ounce
  • Brent oil at US$49.06 a barrel

BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) gained 2% and 1.2%. South32 Ltd (ASX: S32) also rose 3.1%.

Westpac Banking Corp (ASX: WBC) was also strong, lifting 0.5%, while Australia and New Zealand Banking Group (ASX: ANZ) gained 0.4%.

The gold miners were strong, too, indicating that investors are remaining cautious. Beadell Resources Ltd (ASX: BDR) lifted another 3%, and Silver Lake Resources Limited. (ASX: SLR) rose 8.3%.

Mantra Group Ltd (ASX: MTR) was one of the best shares for the day in gaining 4.7%. Cimic Group Ltd (ASX: CIM), on the other hand, tumbled 16.5%.

Here are Thursday’s top stories:

  1. 3 ASX shares I wish I bought, but didn’t
  2. 3 small-cap shares that could make you a millionaire
  3. 4 reasons why bank shares have been smashed in 2016
  4. Cimic Group Ltd shares crash on accounting concerns
  5. Is it time to bet against Tabcorp Holdings Limited on greyhound racing ban?
  6. Why the big banks could be forced into capital raisings of $17.5 billion
  7. 3 reasons to be cautious about Medibank Private Ltd 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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