Local shares traded uninterrupted today, much to the delight of day traders after Monday's market mishap. Investors employed a cautious approach to today's session in the lead-up to monetary policy reviews by the Federal Reserve in the United States as well as the Bank of Japan.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.1% to 5298 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.1% to 5397 points
- AUD/USD at US 75.42 cents
- Iron Ore at US$55.68 a tonne, according to the Metal Bulletin
- Gold at US$1,316.05 an ounce
- Brent oil at US$45.77 a barrel
TPG Telecom Ltd (ASX: TPM) was the big news story for the day. Its shares crashed 21.6% following an earnings report showing slowing growth.
TPG's fellow telco businesses also felt the heat. Telstra Corporation Ltd (ASX: TLS) shed 1.5% while Vocus Communications Limited (ASX: VOC) dropped 3.6%.
Blackmores Limited (ASX: BKL) fell another 4.4% today, following yesterday's heavy fall, with Slater & Gordon Limited (ASX: SGH) down 2.5% as well.
Online travel agency business Webjet Limited (ASX: WEB) was one of the market's shining lights, rising 3.6%. BHP Billiton Limited (ASX: BHP) gained 2.3%, with Rio Tinto Limited (ASX: RIO) up 1.6%.
Here are Tuesday's top stories:
- Crash: Why the TPG Telecom Ltd share price is cratering today
- 3 essential investing lessons I've learned this year
- Should you buy shares of Blackmores Limited today?
- 3 growing tech shares that could make you rich
- Sydney Airport Holdings Ltd shareholders could profit from the tourism boom
- TPG Telecom Ltd shareholders: Look away now
