ASX 200 lifts on ANZ report: 11 shares you should have been watching

The local share market defied a fall on Wall Street overnight, aided by a strong performance from the banks after Australia and New Zealand Banking Group (ASX: ANZ) delivered a market update this morning.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.3% to 5,552 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.2% to 5,636 points
  • AUD/USD at US 76.33 cents
  • Iron Ore at US$61.56 a tonne, according to the Metal Bulletin
  • Gold at US$1,331.84 an ounce
  • Brent oil at US$45.06 a barrel

ANZ’s shares rallied 2.9% today, ending the session at $26.44. Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd. (ASX: NAB) and Westpac Banking Corp (ASX: WBC) all followed, rising between 1.6% and 2.2%.

Meanwhile, Telstra Corporation Ltd (ASX: TLS) gained 0.7%, but Transurban Group (ASX: TCL) fell 1.4%. That came after the toll road operator reported its full-year earnings results.

REA Group Limited  (ASX: REA), Carsales.Com Ltd (ASX: CAR) and Cochlear Limited (ASX: COH) all fell heavily at the open, but managed to recover most of their losses. In fact, REA Group and Cochlear closed just 1.1% and 2.8% lower, while Carsales ended the session 1.4% higher.

Mesoblast limited (ASX: MSB) was one of the market’s best performers today, rising 6.6%. IOOF Holdings Limited (ASX: IFL), on the other hand, dropped 7.6%.

Here are Tuesday’s top stories:

  1. Australia & New Zealand Banking Group profit dips, regulatory outlook toughens
  2. Cochlear Limited could be a bargain on today’s share price weakness
  3. Where to from here for the Carsales.Com Ltd share price?
  4. How to find the next 10 bagger (Part I)
  5. Why investors dumped REA Group Limited shares today
  6. 3 things to watch when Telstra Corporation Ltd reports later this week
  7. GR Engineering Services Ltd share price soars on earnings update

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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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