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For the first day of the trading week the market rallied, gaining one per cent.
The boost came after the United States debt ceiling bill was signed into law, avoiding a catastrophic default. Asian markets were also up.
In the green
International Education organisation, IDP Education (IEL) has been slowly recovering its losses after dropping close to 17 per cent over four days last week.
On Friday it recouped some losses, closing the day up nearly six and a half per cent. Today it closed at $22.55.
Copper gold explorer WA1 Resources also had a stellar day, up 27.3 per cent.
The lift was due to the company uncovering the highest ever grade of niobium at its West Arunta project in Western Australia. Results included ten metres at 8.3 per cent niobium and eight metres at three per cent.
And for the small caps, Resources & Energy Group (REZ) soared a whopping 175 per cent.
The exploration company reported it had uncovered shallow disseminated nickel sulphides at its Springfield prospect, within its East Menzies project near Kalgoorlie, WA.
In the red
Tech was one of only two sectors to offset the otherwise sea of green.
Sector heavyweight Xero (XRO) fell 1.84 per cent to end the day at $109.81.
The accounting software company settled lower today after rising to its 52-week high of $113.50 on Friday.
Medical research and development company, Vectus Biosystems (VBS) fell 14 per cent after its quarterly report failed to impress investors.
And gold producer Capricorn Metals (CMM) lost 4.67, despite releasing no fresh news. The company closed the day at $4.29.
That’s market news for today. Let’s see what tomorrow’s reserve bank interest rates announcement has in store.
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