Market up big on Cup Day rally, gaining 1.90%

The ASX200 had a solid day of trading today with the Melbourne Cup not all to be excited about. The aussie market was up 1.90% to 6066.40 points, edging back over 6000 points.

BHP and Rio Tinto (RIO) both looked attractive to investors as they added around 2.5% each. Woodside Petroleum (WPL) however was one of the standouts, up an impressive 5.51%.

The biggest gainers on Tuesday were:

  • Webjet +8.7%
  • Pendal Group +7.7%
  • Beach Energy +7.5%
  • Oil Search +7.5%
  • Credit Corp +7%

The biggest declines were:

  • Sandfire Resources -7%
  • Treasury Wines -3.1%
  • Deterra Royalties -2.7%
  • URW -2.4%
  • IDP Education -2.1%

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This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.