Start of a recovery? ASX 200 finishes Tuesday 4.2% higher

The S&P/ASX 200 Index (ASX:XJO) finished up 4.2% today, does this mean the share market is about to recover?

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 Index (ASX: XJO) finished 4.2% higher on Tuesday, could this be the start of a recovery?

The ASX was volatile again today. Whilst the ASX did go up, there were still strong movements in both directions:

Diverging share price performances

At the red end of the ASX the Graincorp Ltd (ASX: GNC) share price plunged 55.6%.

At the other end of the ASX, the share price of Credit Corp Group Limited (ASX: CCP) climbed 45.9%.

The share price of Corporate Travel Management Ltd (ASX: CTD) rose 31.25%.

The Afterpay Ltd (ASX: APT) share price jumped 26% today, followed by some insider buying.

The BWP Trust (ASX: BWP) share price rose 19% after withdrawing its guidance.

Blue chips perform strongly

Some of Australia's biggest blue chips rebounded strongly today.

The Aristocrat Leisure Limited (ASX: ALL) share price rose 10.7%.

The Australia and New Zealand Banking Group (ASX: ANZ) share price increased 5.3%.

The BHP Group Ltd (ASX: BHP) share price climbed 5.1%.

The Commonwealth Bank of Australia (ASX: CBA) share price rose 5%.

The Goodman Group (ASX: GMG) share price went up 12%.

The Macquarie Group Ltd (ASX: MQG) share price increased by almost 11%.

The Transurban Group (ASX: TCL) share price grew 9.3%.

More COVID-19 updates

The share price of Michael Hill International Ltd (ASX: MHJ) dropped 14.6% after closing its stores.

The share price of Consolidated Operations Group Ltd (ASX: COG) rose 23.3% after providing an update.

The share price of Seven West Media Ltd (ASX: SWM) rose 1.5% after withdrawing its FY20 guidance.

The share price of Unibail-Rodamco-Westfield (ASX: URW) increased by 4% after giving an update.

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited, Macquarie Group Limited, and Transurban Group. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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.

More on Share Market News

A medical researcher rests his forehead on his fist with a dejected look on his face while sitting behind a scientific microscope with another researcher's hand on his shoulder as if giving comfort.
Healthcare Shares

Telix Pharmaceuticals shares crash 58% from their peak: Buying opportunity or time to sell up?

The biopharmaceutical company's shares are tipped to soar next year.

Read more »

Red buy button on an apple keyboard with a finger on it representing asx tech shares to buy today
Share Market News

Analysts name 2 top ASX 200 shares to buy today

Leading investment experts name two quality ASX 200 shares to buy now.

Read more »

Woman leaping in the air and standing out from her friends who are watching.
Broker Notes

This ASX 200 gold stock has surged 77% in 2025. Here's why Macquarie expects it to leap another 23%

Macquarie forecasts 23% upside for this surging ASX gold stock, and that doesn’t include the dividends!

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

Why AIC Mines, ASX, Karoon Energy, and Life360 shares are falling today

These shares are falling more than most on Tuesday. But why?

Read more »

green lithium battery being held by person
Broker Notes

Forget Pilbara Minerals! Expert says this ASX lithium stock could soar 112%

Strategically important.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
Share Gainers

Why 4DMedical, DroneShield, EOS, and Star shares are rising today

These shares are catching the eye on Tuesday. But why?

Read more »

Smiling man working on his laptop.
Share Market News

Why it isn't too late to buy Electro Optic Systems (EOS) shares

This high-flying stock is highly rated by analysts. Here's what they are saying.

Read more »

A happy construction worker or miner holds a fistful of Australian dollar notes.
Broker Notes

Expert tips 165% upside for this ASX mining stock as rare earths tailwinds persist

Marching forward.

Read more »