The All Ordinaries index ended the day 42.7 points higher or 1.0% to close at 4329.1.
Atlas Iron Limited (AGO) ended the day 4.9% lower to close at $3.10 after lowering its output target for FY12 to 5.5-5.7mtpa, down from previous guidance of 6mtpa. This is due to adverse weather conditions arising from Tropical Cyclone Heidi.