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 short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.42% to 6,042.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.37% to 6,187.60
- AUD/USD at US 81 cents
- Gold at US$1,348 an ounce
- Brent Oil at US$70.45 a barrel
The ASX indices have grown strongly today, recovering a lot of the ground lost last week.
The biggest rise in the ASX200 today came from Orocobre Limited (ASX: ORE), the share price rose by 5.66% today. The company recently announced a $282 million placement with Toyota subsidiary Toyota Tsusho at $7.50 per share.
One of the other top performers of the day was Fairfax Media Limited (ASX: FXJ), it’s been one of the most volatile stocks in the ASX200 recently and rose by 5.19% today.
At the other end of the performance table the gold miners had a bad day today. Saracen Mineral Holdings Limited (ASX: SAR) went down by 4.73%, Regis Resources Limited (ASX: RRL) declined by 3.97% and Resolute Mining Limited (ASX: RSG) fell by 2.52%. Fellow gold miner Northern Star Resources Ltd (ASX: NST) fared the worst after a broker downgrade, sending the price down by 5.91% today.
Here are some of today’s top stories:
- Deutsche’s 13 predictions for our share market this year
- AMA Group Ltd surges to record high on takeover bid as M&A fever heats up
- A new CEO signals more of the same for Commonwealth Bank of Australia
- Atlas Iron Limited share price crashes 16%
- Global investment giant sees value in Australia’s major banks
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Motley Fool contributor Tristan Harrison has no position in any of the 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.