Local shares effectively reversed yesterday’s decline with an afternoon flurry today.
Here’s a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.1% to 5621 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.1% to 5672 points
- AUD/USD at US 76.71 cents
- Iron Ore at US$80.60 a tonne, according to the Metal Bulletin
- Gold at US$1,232.71 an ounce
- Brent oil at US$55.85 a barrel
Transurban Group (ASX: TCL) shot the lights out with its earnings update today, sending the share price rocketing 6.4% higher.
The gold miners were on fire as well after a sharp rise in the gold price. St Barbara Ltd (ASX: SBM) soared 4.9%, Northern Star Resources Ltd (ASX: NST) gained 3.9% and EVOLUTION FPO (ASX: EVN) gained 4.4%.
Bega Cheese Ltd (ASX: BGA) also rose 2.5%.
Unfortunately, there were a number of blue chip businesses which acted as a drag on the broader market
Meanwhile, Mobile Embrace Ltd (ASX: MBE) was one of the biggest losers for the day. Its shares were hammered 46.7% after a disappointing market update this morning.
Here are Tuesday’s top stories:
- Got a spare $10,000? I would invest it in these 3 growth shares
- Results just in: Transurban Group shoot the lights out
- 3 dividend shares I’d buy with $30,000 today
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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.