The ASX 200 closed up 1.06% at 5,108.70 today, driven by significant gains in the mining sector.
The ASX 200 resources index surged 2.47% to 4090 – the highest since March. Newcrest Mining rose 7.93% despite posting its largest loss in decades.
Commonwealth Bank shares also rose 1.33% in advance of its results announcement on Wednesday, while shares in salary packaging company McMillan Shakespeare rose 8.93% on expectations that the Labor party would lose the election.
Via investing.com, here’s what happened: