Australian Investment Blog

• The ASX 200 had a strong day finishing points higher (+1.5%) at 5933 after trading as high as 5935.• The Materials sector was in full swing today, with BHP Billiton (BHP), RIO Tinto (RIO) and Fortescue (FMG) rallying strongly after another strong move in Iron Ore overnight.• RIO Tinto (RIO) rallied 1.49c (+2.65%) to $57.79. BHP Billiton (BHP) rallied 0.99c (+3.19%) to $32.050 and Fortescue rallied +0.12c (+5.74%) to $2.21.• The Banking Sector shook off its recent selling and rallied on the back of imminent results due in early May. ANZ Bank (ANZ) rallied Commonwealth Bank (CBA) National Bank (NAB) and Westpac Bank (WBC)

Best Sector – MaterialsWorst Sector – Health Care