Local shares fell today, dragged down by huge falls in some of the country's biggest shares.
First, here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.2% to 5430 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.2% to 5513 points
- AUD/USD at US 76.28 cents
- Iron Ore at US$58.85 a tonne, according to the Metal Bulletin
- Gold at US$1,262.44 an ounce
- Brent oil at US$51.21 a barrel
The heavy falls endured by Healthscope Ltd (ASX: HSO) and SKYCITY Entertainment Group Limited-Ord (ASX: SKC) provided two of the biggest stories today.
Healthscope shares plunged as much as 26.6% earlier on the back of slower-than-expected revenue growth in hospitals so far this year. Its shares ended the day 18.8% lower, while rival Ramsay Health Care Limited (ASX: RHC) lost 5.9%.
SkyCity shares also crashed 12.2% following a disappointing update on its first-quarter operations. Its rival Crown Resorts Ltd (ASX: CWN) managed to regain 1.6% after a turbulent week, while Star Entertainment Group Ltd (ASX: SGR) fell 1.5%.
Other businesses that endured heavy falls today included EVOLUTION FPO (ASX: EVN), down 3.8%, and Spotless Group Holdings Ltd (ASX: SPO), down 5.7%.
Medibank Private Ltd (ASX: MPL), on the other hand, gained 2.7%. Woolworths Limited (ASX: WOW) and Westpac Banking Corp (ASX: WBC) gained 1.5% and 0.9%, respectively.
Bellamy's Australia Ltd (ASX: BAL) was one of the strongest performers for the day, lifting 4.6%.
Here are Friday's top stories:
- Look out below: Healthscope Ltd crashes 22% on profit warning
- Here's why the SKYCITY Entertainment Group Limited share price is plunging today
- Slammed! Why Healthscope Ltd shares plummeted 17% today
- 4 small-cap shares I think could be set to soar in 2017
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- Japara Healthcare Ltd shares jump after AGM: is time to buy?
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