Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Tuesday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 1.95% to 6,005.90
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 1.76% to 6,068.10
- AUD/USD at US 73 cents
- Gold at US$1,314.38 an ounce
- Brent Oil at US$62.79 a barrel
The best-performing ASX 200 share today was insurance business Steadfast Group Ltd (ASX: SDF) which rose by 11.5%. It was one of many shares to experience large share price movements due to the Royal Commission report.
Some of the other big gainers were AMP Limited (ASX: AMP) shares rising by 10% and IOOF Holdings Limited (ASX: IFL) shares going up 8%.
The big banks were also huge gainers today. The Westpac Banking Corp (ASX: WBC) share price gained 7.4% today.
The Commonwealth Bank of Australia (ASX: CBA) share price went up 4.7%. The National Australia Bank Ltd (ASX: NAB) share price gained 3.9% and the Australia and New Zealand Banking Group (ASX: ANZ) share price rose by 6.5%. Who knows how long this recovery will last?
However, it isn't good news for everyone. The Mortgage Choice Limited (ASX: MOC) share price plunged more than 25% with worries about trail commissions being banned for new loans.
The Xero Limited (ASX: XRO) share price rose nearly 3.9% on news that it has created a data partnership with Uber Eats.
Finally, the Shopping Cntrs Austrls Prprty Gp Re Ltd (ASX: SCP) unit price went up 1.2% after reporting its half-year numbers and increasing profit & the distribution.
Here are some of today's top stories:
