The Australian All Ordinaries rebounded 0.4% to 4,918 points today with gains across most sectors of the economy, although the big banks posted mostly in the red.
Telecommunications stocks rallied 2.5% on the session while consumer staples and information technology also finished strongly.
MARKET ACTION
A good session for health care stocks was highlighted by a 13.3% bounce for OncoSil Medical (ASX:OSL) to A$0.255 after the clinical-stage lifesciences company appointed Dr Chris Roberts as an independent non-executive director, with immediate effect.
This close represented about a 260% year-on-year improvement for the stock.
Dr Roberts is a highly experienced director and senior executive with 40 years’ experience in the medical innovation space, and was the chief executive officer / president of Cochlear Limited (ASX:COH) from February 2004 to August 2015.
He was primarily responsible for the significant increase in Cochlear Limited’s sales from $348 million in 2005 to $926 million in 2015.
Dr Roberts was also chairman of Sirtex Medical (ASX:SRX), from March 2000 to December 2002, and was executive vice-president of global sleep disorder treatment company ResMed Inc (NYSE:RMD, ASX:RMD) from 1992 to 2004.
Last month, OncoSil filed an Investigational Device Exemption (IDE) with the US Food and Drug Administration (FDA) for its lead product candidate, the OncoSil™ localised radiation treatment for cancer.
BLUE CHIPS
Major miners
BHP Billiton (ASX:BHP) up 0.2% to $14.24
Fortescue Metals Group (ASX:FMG) down 0.7% to $1.45
Newcrest (ASX:NCM) up 0.8% to $13.22
Rio Tinto (ASX:RIO) up 1.8% to $38.41
Energy or Oil and Gas
Oil Search (ASX:OSH) down 0.5% to $5.64
Santos (ASX:STO) up 3.2% to $2.56
Woodside Petroleum (ASX:WPL) down 1.6% to $24.97
Big 4 banks
ANZ Bank (ASX:ANZ) down 1.6% to $23.12
Commonwealth Bank (ASX:CBA) down 0.8% to $76.98
National Australia Bank (ASX:NAB) up 0.2% to $26.80
Westpac (ASX:WBC) down 0.6% to $29.89
Other banks, financials and industrials
AMP (ASX:AMP) up 0.8% to $5.23
Bank of Queensland (ASX:BOQ) down 0.2% to $12.57
Bendigo and Adelaide Bank (ASX:BEN) flat at $10.42
Macquarie Group (ASX:MQG) up 1.2% to $73.22
Suncorp (ASX:SUN) up 0.3% to $11.28
Telstra (ASX:TLS) up 2.6% to $5.52
Retailers
JB Hi-FI (ASX:JBH) up 5.5% to $22.71
Wesfarmers (ASX:WES) up 2.7% to $41.15
Woolworths (ASX:WOW) up 1.3% to $23.88
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