It was a volatile day for local investors after an overnight reality check in the commodities markets.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.1% to 5150 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.1% to 5210 points
- AUD/USD at US 74.73 cents
- Iron Ore at US$58.02 a tonne, according to the Metal Bulletin
- Gold at US$1,255.10 an ounce
- Brent oil at US$40.89 a barrel
The country's big four banks all remained pretty flat for the day, with the biggest mover being National Australia Bank Ltd. (ASX: NAB) which rose 0.4%.
The miners, on the other hand, produced mixed results. Rio Tinto Limited (ASX: RIO), for instance, gained 1%, but South32 Ltd (ASX: S32) and BHP Billiton Limited (ASX: BHP) fell 1.6% and 0.9%.
Brambles Limited (ASX: BXB) and QBE Insurance Group Ltd (ASX: QBE) both ended the day lower as well, falling 3.7% and 4%.
Slater & Gordon Limited (ASX: SGH) was one of the worst performers, shedding 6.5%. MMA Offshore Limited (ASX: MMA), on the other hand, lifted 9.5%.
Here are Thursday's top stories:
- Does this mean more RBA interest rate cuts?
- The iron ore price is tumbling and these shares could be next
- 5 high-quality blue chip shares trading at bargain prices
- Surfstitch Group Ltd shares rocket on shock takeover plot
- Is the SEEK Limited share price a bargain?
- Here's why the Australian dollar is not going back to parity with the USD
- Why the Resapp Health Ltd share price is up 1,158% in the past year
