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The S&P/ASX200 closed up sharply Thursday, gaining 136 points or 1.9% to 7,332
The S&P/ASX200 closed up sharply Thursday, gaining 136 points or 1.9% to 7,332. It was the market's best intraday performance in around six months, a day after setting a new 50-day low and despite mixed lead-ins and lingering global uncertainty. Iron ore futures popped in Singapore - up 11% at one stage - with all the majors following - BHP Group (BHP) and Rio Tinto (RIO) both around 3% higher. Fortescue Minerals took some late buying to finish 0.1% higher, after a fatality at it's Solomon project shuttered the mine. Explosives maker Orica (ORI) jumped 15% on some positive guidance overnight, Beach Energy the next best climbing 8%. Day two of Pinnacle Investment (PNI) watch, the fund manager still least among unequals with no clear reason, but only down 3.5% today.
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179. the COB: closing on a high
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