The ASX 200 rebounded strongly on Tuesday after a disappointing start to the week.
All of the ASX industry sectors finished higher in a strong day across the board. Consumer Staples (+1.64%) was the best performing area followed by Utilities (+1.21%), Materials (+1.20%) and Industrials (+1.20%).
Here’s a recap of the news, announcement and events that you missed on another big day of trade in Aussie equities.
1. ASX 200 lithium miners continue strong momentum on Tuesday
Aussie lithium miners once again stole the show as they continue a stunning rebound.
ASX 200 shares Orocobre Ltd (ASX: ORE) jumped 7.37% while Pilbara Minerals Ltd (ASX: PLS) was the top performer on Tuesday with an 11.43% gain. The Galaxy Resources Limited (ASX: GXY) share price climbed 9.48% higher to complete the strong performance.
The 3 miners have now seen their shares rocket 43.02%, 39.29% and 36.56% higher since the start of the year.
The biggest factor appears to be optimism around Tesla’s profitability and the delivery of its Model 3 cars.
2. Elders share price jumps higher as bushfire recovery continues
The Elders Ltd (ASX: ELD) share price surged 8.29% higher on Tuesday as the ASX 200 company continues to assess the impact of the devastating bushfires.
Despite no new announcements, Elders shares climbed up the ASX leaderboard as investors bought back into the stock.
It was a similar story for Bega Cheese Ltd (ASX: BGA) which gained 1.35% in yesterday’s trade.
3. CSL and Macquarie shares hit new all-time highs
Two of the biggest names amongst the index, the two group’s saw their shares climb 0.65% and 1.17% higher, respectively.
The $300 per share barrier continues to elude CSL, which reached a new high of $299.90 during the session.
Macquarie shares hit a new high of $141.33 before closing marginally lower on Tuesday.
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Motley Fool contributor Kenneth Hall 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 Scott Phillips.