The local share market soared higher today, reversing yesterday's losses on a fresh wave of global optimism.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7% to 5584 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.7% to 5639 points
- AUD/USD at US 74.94 cents
- Iron Ore at US$83.42 a tonne, according to the Metal Bulletin
- Gold at US$1,160.40 an ounce
- Brent oil at US$54.99 a barrel
Infant formula producer Bellamy's Australia Ltd (ASX: BAL) extended its trading halt today as it "continues with a review in order to finalise an updated announcement of the impact of trading conditions". Its shares did not trade at all.
Sky Network Television Ltd (ASX: SKT) shares were slammed 10.7% following its own trading update today.
Other big fallers for the day included Santos Ltd (ASX: STO) and Whitehaven Coal Ltd (ASX: WHC), down 2.9% and 4.5%, as well as QBE Insurance Group Ltd (ASX: QBE), which closed 1.9% lower.
BHP Billiton Limited (ASX: BHP) also ended the session 1.2% lower.
On the other hand, there were plenty of companies making big moves higher as well. Syrah Resources Ltd (ASX: SYR) shares soared 14.4%, Tatts Group Limited (ASX: TTS) gained 8.5% and APN Outdoor Group Ltd (ASX: APO) rose 9.3%.
APN Outdoor said it is merging with oOh!Media Ltd (ASX: OML) earlier this morning. oOh!Media's shares also rallied 9.9% on the news.
Here are Wednesday's top stories:
- 5 ASX shares for a Dividend Christmas
- Revealed: APN Outdoor Group Ltd & oOh!Media Ltd in billion-dollar merger
- Why Galaxy Resources Limited shares have gone gangbusters today
- Where I would reinvest my BIG bank dividends
- Why the Sky Network Television Ltd share price is falling in
- Hedge fund manager claims its time to sell your Big Bank shares
