It’s been a stellar end for the first session of the trading week for the Australian share market, with investors shrugging off a potential Brexit. In the end, the local bourse closed 1.82 per cent higher. The star performer today was the energy space which rebounded strongly from last week’s losses on the back of a jump in the price of Brent Crude overnight. Not such a great session for the gold miners, with the price of the precious metal falling on the back of confidence the “remain” camp will win the Brexit vote in the UK on Wednesday.
The S&P/ASX 200 index closed 94 points higher to finish at 5,257.
The value of trades was $4.5 billion on volume of 666 million shares at the close of trade. The top three stocks by value were Commonwealth Bank of Australia
(ASX:CBA), BHP Billiton Limited
(ASX:BHP) and ANZ Banking Group
(ASX:ANZ).
On the futures market the SPI is up 86 points.
Company newsA 32-year-old maintenance worker has died at Rio Tinto Limited’s
(ASX:RIO) Channar mine site in Western Australia. At around 1230am last night, police were called where it was reported that the man had received fatal injuries. Rio Tinto says it’s supporting the employee's family and work colleagues during this difficult time. The company has advised authorities and says its helping with the investigation into the man’s death. Shares in Rio Tinto closed 3.16 per cent up at $44.79.
Metcash Limited
(ASX:MTS) has released its full year results for the year ended 30 April 2016, reporting an underlying Profit after tax of $178.3 million up from $173.6 million in FY15.
Sydney Airport Holdings Limited
(ASX:SYD) has reported strong passenger traffic growth for May, up 7.8 percent on the corresponding period last year.
Syrah Resources Limited
(ASX:SYR) has successfully completed an institutional placement to professional and sophisticated investors of 32 million new fully paid ordinary shares.
Best and worst performersThe best performing sector was Energy adding 5.39 per cent to close at 8,377. The worst performing sector was Healthcare, losing 0.4 per cent to close at 20,680 points.
The best performing stock in the S&P/ASX 200 was Mesoblast, rising 11.79 per cent to close at $1.19. Shares in APN News and Media and Worley Parsons also closed higher.
The worst performing stock was Metcash, dropping 12.5 per cent to close at $1.85. Shares in Northern Star Resources and Regis Resources also closed lower.
IPOsAustralian Unity Office Property Fund
(ASX:AOF) started trading today. The real estate investment company listed with an issue price of $2.00, opened at $2.20 and closed at $2.13.
Commodities and the dollarGold is trading at $US1,285 an ounce.
Light crude is $1.90 up at $US48.56 a barrel.
The Australian dollar is buying $US0.7444.
