Local shares started the day on the back foot but managed to recover their losses as the day wore on. The main bourse ended the day slightly higher.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.2% to 5424 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.2% to 5521 points
- AUD/USD at US 76.73 cents
- Iron Ore at US$59.16 a tonne, according to the Metal Bulletin
- Gold at US$1,350.99 an ounce
- Brent oil at US$47.50 a barrel
The gold miners were among the top performing shares on the market today after the spot gold price surged above US$1,350 an ounce.
Silver Lake Resources Limited. (ASX: SLR) gained 10.3%. Beadell Resources Ltd (ASX: BDR) soared 11.7%. EVOLUTION FPO (ASX: EVN) gained 7.6%. And Northern Star Resources Ltd (ASX: NST) rose 8.1%.
Westpac Banking Corp (ASX: WBC) also rose strongly, gaining 1.6%, with Commonwealth Bank of Australia (ASX: CBA) up 1.1% as well.
Meanwhile, Liquefied Natural Gas Ltd (ASX: LNG) shares soared 11.8%, with aged care operators Estia Health Ltd (ASX: EHE) and Japara Healthcare Ltd (ASX: JHC) recovering another 9.9% and 4.9%, respectively.
JB Hi-Fi Limited (ASX: JBH) shares also hit a new all-time high on continued speculation it will acquire The Good Guys business. Its shares rose 1% for the day.
Rio Tinto Limited (ASX: RIO) didn't fare so well. Its shares fell 0.8%, while Mesoblast limited (ASX: MSB) and Medibank Private Ltd (ASX: MPL) lost 3.7% and 3%.
Here are Wednesday's top stories:
- Motley Fool Pro is now open. Please RSVP
- Newcrest Mining Limited shares jump higher, is it a buy?
- 3 ASX stocks to buy now to get rich later
- Is the Aussie food boom over?
- Why I think Ramsay Health Care Limited shares could be a sell
- The Estia Health Ltd share price soars again
- Gold stocks soar as chances of US rate rise sink
