The Santa Rally continued today with the benchmark ASX 200 index closing above 5,600 points as U.S. and global equity markets continue to roar higher.
Here’s a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.4% to 5613 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.4% to 5662 points
- AUD/USD at US 72.6 cents
- Iron Ore at US$79.62 a tonne, according to the Metal Bulletin
- Gold at US$1,135.81 an ounce
- Brent oil at US$55.55 a barrel
The big faller among the blue-chip businesses was Sydney Airport Holdings Ltd (ASX: SYD), with its shares losing around 7% on worries over what conditions the government will impose on it if it is to construct a second new airport at Badgery’s Creek.
Elsewhere fallen legal eagle Slater & Gordon Limited (ASX: SGH) admitted the corporate cop ASIC was investigating it for potentially falsifying accounts over the period between 1 December 2014 and 29 September 2015.
The big gainers included the a2 Milk Company Ltd (ASX: A2M) on the back of a trading update and entrepreneurial travel agency Corporate Travel Management Ltd (ASX: CTD). The latter’s shares soared 3% higher after the recent announcement of a large new acquisition in the UK.
Here are Wednesday’s top stories:
- A2 Milk shares go nuts on trading update
- Touchcorp shares crash
- Slater & Gordon is being investigated by ASIC for allegedly cooking the books
- Bellamy’s shares remain frozen
- 5 small-cap tips for 2017
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Motley Fool contributor Tom Richardson owns shares of Corporate Travel, A2 Milk and Bellamy's Australia.
You can find Tom on Twitter @tommyr345
The Motley Fool Australia owns shares of Corporate Travel, A2 Milk, Bellamy's Australia, and TOUCHCORP FPO. 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.