Local shares fought back this afternoon after trading more than 0.6% lower, although the market still ended the day in the red. It was the banks doing most of the damage with all four of the majors recording a loss for the day.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.2% to 5361 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.1% to 5437 points
- AUD/USD at US 74.66 cents
- Iron Ore at US$52.10 a tonne, according to the Metal Bulletin
- Gold at US$1,261.32 an ounce
- Brent oil at US$52.63 a barrel
While none of the banks provided any support today, it was Australia and New Zealand Banking Group (ASX: ANZ) and Westpac Banking Corp (ASX: WBC) that fell the heaviest. The pair dropped 0.9% each.
Telstra Corporation Ltd (ASX: TLS) and Amcor Limited (ASX: AMC) also acted as a drag on the market, falling 0.7% and 8.1%, respectively.
The miners, on the other hand, did provide some support. BHP Billiton Limited (ASX: BHP) gained 0.4%, while its spin-off South32 Ltd (ASX: S32) rose 4.7%.
The gold miners were even better. St Barbara Ltd (ASX: SBM) soared 7.5%, with Regis Resources Limited (ASX: RRL) also gaining 6.8%.
The best for the day, however, was Sky Network Television Ltd (ASX: SKT). Its share price skyrocketed 20.5%.
Here are Thursday's top stories:
- Gold miners go gangbusters on rocketing gold price
- Here's why Sky Network Television Ltd shares soared 20% today
- Amcor Limited shares sent packing on Venezuelan write downs
- Surfstitch Group Ltd revenue crash: Share price under pressure
- Why the Lovisa Holdings Ltd share price soared today
- Is Commonwealth Bank of Australia facing an ASIC investigation of its own?
- Up 454%: Are Catapult Group International Ltd shares still a buy?
