Shares Rebound After Monday’s Slump

Tuesday, 05 June 2012 16:26

Shares shrugged off the rate cut by the Reserve Bank, which had been widely expected, but still ended strongly higher, rebounding from yesterday's slump. Today saw:

The RBA cut the cash rate to 3.5%

Qantas hit an all time low

Economic data points to a patchy growth

The market closed just below the day's high, clawing back most of yesterday's losses. The benchmark S&P/ASX200 index jumped 58.7 points, or 1.5 per cent, to 4043.7, while the broader All Ords rose 59 points, or 1.5 per cent, to 4092.4. The dollar has climbed a bit and is now nudging 98 US cents, up from around 97.5 just before the rate cut.

Here’s how some of the shares finished

ASX as`at the close of trade on	Tuesday 5th June 2012
Stock	Last Sale	%
AMP	3.79	1.61%
ANZ	21.3	2.06%
BHP Billiton	31.13	1.24%
Bluescope Steel	0.29	0%
Coca Cola Amatil	12.9	0.78%
Commonwealth Bk	50.1	2.14%
Fortesque Metals	4.54	4.37%
Harvey Norman	1.87	-0.80%
IAG	3.23	-0.62%
National Bank	22.51	2.18%
Optus Group	0.51	0%
Origin Energy	12.8	-0.54%
Quantas	1.155	-18.66%
Rio Tinto	53.73	1.57%
Stockland Group	3.17	0%
Telstra Corp	3.65	-0.27%
Virgin Australa	0.415	1.22%
Wesfarmers Limited	28.895	0.93%
Westfield Group	9.105	-0.92%
Westpac Bank	20.61	2.03%
Woolworths Limited	26.295	-0.89%

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