ASX rallies; Rebound from its worst one-day sell-off since April

The Australian sharemarket has opened higher, tracking on gains on Wall Street, to rebound from its worst one-day sell-off since April on Wednesday.
The S&P/ASX 200 Index had risen 0.6 per cent, or 55.8 points, to 8794.6 points as of 10.10am AEST on Thursday, with 10 out of 11 sectors in the green.
The big four banks led the bourse higher, with Commonwealth Bank gaining 1.7 per cent, National Australia Bank 1.5 per cent, Westpac 1.6 per cent, and ANZ 1 per cent.
Stocks on the move
Domino's Pizza rose 2.6 per cent on news that chairman Jack Cowin had bought up $5.01 worth of shares in the company, showing in the turnaround plans he is leading.
Iress jumped 5.2 per cent after announcing that Andrew Russell would replace Marcus Price as CEO, a move that was supported by Evans and Partners small caps equities research analyst Olivier Coulon.
Insurance Australia Group dipped 0.6 per cent after the ACCC flagged concerns its proposed takeover of RAC Insurance from the Royal Automobile Club of Western Australia was likely to substantially lessen competition.

Sumber : AFR