Shares Up $24b

Monday, 18 June 2012 17:33

Shares were up 2 per cent to a one-month high on hopes the eurozone could hold together after Greece's election delivered a slim parliamentary majority to pro-bailout parties. The benchmark S&P/ASX200 index jumped 79.6 points, or 2 per cent, higher at 4136.9, while the broader All Ordinaries index rose 76.9 points, or 1.9 per cent, at 4183.9.

Fairfax Media jumped 7.4 per cent to 65 cents, its highest level in two weeks, after announcing an overhaul of its top newspapers and 1900 job cuts over three years to cut costs. It also shored up its balance sheet by selling down its stake in online auction site Trade Me. The move comes at the same time that mining billionaire Gina Rinehart has been increasing her stake in the publisher and is looking to win at least one seat on the board of the company.

Here’s how some of the shares finished today

ASX as`at the close of trade on	Monday 18th June 2012
Stock	Last Sale	%
AMP	3.94	2.07%
ANZ	21.8	2.44%
BHP Billiton	32.64	2.51%
Bluescope Steel	0.31	1.64%
Coca Cola Amatil	13.00	0.39%
Commonwealth Bk	51.54	1.28%
Fortesque Metals	4.97	3.97%
Harvey Norman	1.905	2.42%
IAG	3.44	3.30%
National Bank	22.81	3.12%
Origin Energy	12.93	1.65%
Qantas	1.18	2.16%
Rio Tinto	57.00	4.59%
Stockland Group	3.28	2.50%
Telstra Corp	3.65	0.83%
Virgin Australa	0.39	2.63%
Wesfarmers Limited	29.47	1.62%
Westfield Group	9.45	0.85%
Westpac Bank	20.76	2.06%
Woolworths Limited	26.61	0.45%

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