BHP Billiton Limited (ASX: BHP) shares helped to push Australia’s S&P/ASX 200 (INDEXASX: XJO) (ASX: XJO) higher on Thursday.
All Ordinaries: up 1.2% at 6,008 points
ASX 200: up 1.2% at 5,909 points
Biggest Gainers
- BHP Billiton Limited – up 4.6%
- Fortescue Metals Group Limited (ASX: FMG) – up 5.7%
- Rio Tinto Limited (ASX: RIO) – up 4.1%
Biggest Losers
- IPH Ltd (ASX: IPH) – down 20%
- Domino’s Pizza Enterprises Ltd. (ASX: DMP) – down 7.5%
- South32 Ltd (ASX: S32) – down 5.4%
Shares in some of Australia’s largest mining companies, including BHP, Rio Tinto, Fortescue and Origin Energy Ltd (ASX: ORG) helped the ASX move higher today.
Renewed confidence in the US economy saw prices of base metals like copper, gold and iron ore rally, according to mining.com.
The strength in the mining sector and the ASX 200 was helped by a rise in share prices amongst the Big Four banks. However, Commonwealth Bank of Australia (ASX: CBA) shares ended 0.2% lower after its shares went ‘ex dividend’.
IPH Ltd came under pressure today after it released its half year report to the ASX. IPH reported a 9% increase in revenue but profit dropped 11% for its most recent half year. Read more here.
Miner South32 also reported its financial performance this morning. The $18 billion company increased revenue 8% to $3.5 billion but profit came in 12% lower. Here’s the news.
Here are the other breaking news stories today:
- Telstra Corp’s underlying profit rises 10%
- ASX Ltd increased profit 5%
- Suncorp Group shares slipped after announcing its result
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