ASX to rise; US bond yields retreat
ASX advances 1.7pc; Senex completes Cooper Basin sale Save Share William McInnes The Australian sharemarket has closed firmly higher on Monday, rebounding from a heavy loss on Friday. The S&P/ASX 200 Index soared 116.3 points, or 1.7 per cent, to 6789.6. Commonwealth Bank advanced 3.1 per cent to $84.11, CSL added 2.9 per cent to $270.28 and BHP Group firmed 2 per cent to $50.09. Austal soared 8.4 per cent to $2.57 after winning a $US235 million contract from the US Navy, Reece firmed 7 per cent to $17.34 and Clinuvel Pharmaceuticals added 6.5 per cent to $23.87. Fortescue Metals Group tumble...
Source: afr.com