Local share market ends higher despite turbulent day
The Australian share market ended higher on Monday after a turbulent day.
The All Ordinaries closed up 14 points at 5,850 and the ASX 200 finished 11 points higher at 5,889.
Higher iron ore, coal and oil prices buoyed battered resources stocks at the start of a big week for company results.
BHP Billiton put on more than 1 per cent to $32.56 a share, but its rival Rio Tinto lost ground, falling 0.4 per cent.
Fortescue ended 3.5 per cent higher ahead of announcing its earnings on Tuesday.
The big banks all rose - ANZ put on 0.33 per cent after announcing a shake-up in its management.
One of the few losers in banking on Monday was Bendigo and Adelaide Bank.
Its shares fell 4.5 per cent despite announcing an 11 per cent jump in first half profit.
Rail freight group Aurizon Holdings also unveiled its earnings on Monday showing its first half profit doubled.
Investors were not moved, sending its shares down more than 2 per cent.
Patties Food was feeling the impact of a contaminated food scare.
Its shares plunged 7.6 per cent due to the recall of frozen berry products linked to an outbreak of hepatitis A.
Big retailers Woolworths and Wesfarmers rose a touch and widely held shares Telstra and Qantas both fell slightly.
West Texas intermediate crude oil was selling for $US52.61 a barrel and Tapis crude oil in Singapore was worth $US63.38 a barrel.
Spot gold was trading at $US1,231 an ounce.
The Australian dollar was buying 77.89 US cents, 68.22 euro cents, 50.45 British pence and 92.27 Japanese yen.
