Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Monday.
Here’s a quick recap of the Aussie market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.6%
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.6%
- AUD/USD at US 78.73 cents
- Gold at US$1,304 an ounce, up 0.6%
- Oil at US$51.73 a barrel, up 1.6%
Amongst the best-performing shares during Monday’s session were steel companies Rio Tinto Limited (ASX: RIO) and BlueScope Steel Ltd (ASX: BSL). Neither company released material news to the market. However, iron ore prices surged 4% higher over the weekend to $62.53 per tonne.
- Rio Tinto: up 3.4%
- BlueScope Steel: up 3.1%
- Origin Energy Ltd (ASX: ORG): up 2.5%
- BHP Billiton Limited (ASX: BHP): up 2.2%
In the mid-cap space, shares of OceanaGold Corporation (ASX: OGC) fell 3%.
Here are today’s top stories:
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Motley Fool contributor Owen Raszkiewicz has no position in any of the stocks mentioned.
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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.