Although it opened slightly higher, the Australian share market soon retreated as the selloff that begun on Wednesday continued.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.2% to 5295 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.2% to 5378 points
- AUD/USD at US 76.23 cents
- Iron Ore at US$63.07 a tonne, according to the Metal Bulletin
- Gold at US$1,265.95 an ounce
- Brent oil at US$50.04 a barrel
Shares of Wesfarmers Ltd (ASX: WES) extended their decline today, sliding another 2.7%.
Woolworths Limited (ASX: WOW) fell 1.3% as well, while banking giant Commonwealth Bank of Australia (ASX: CBA) slid 1.6%.
Neither Rio Tinto Limited (ASX: RIO) nor BHP Billiton Limited (ASX: BHP) benefited from a rising iron ore price today, the pair falling 0.1% and 1.4% respectively.
APN News and Media Limited (ASX: APN) shares were slammed 18.3% as they emerged from a trading halt this morning. The company announced an acquisition as well as a capital raising on Tuesday.
Regis Resources Ltd (ASX: RRL) and St Barbara Ltd (ASX: SBM) also fell 5.4% and 4.8% after the spot gold price fell overnight.
Elsewhere, Bega Cheese Ltd (ASX: BGA) fell another 1.9%. Incredibly, Blackmores Limited (ASX: BKL) ended the day 1.3% higher, after falling sharply following its first-quarter earnings update earlier in the day.
On another positive note, Ardent Leisure Group (ASX: AAD) shares regained 7.5% today. Its shares have come under enormous selling pressure recently following the tragic deaths that occurred at its Dreamworld theme park this week.
Challenger Ltd (ASX: CGF) gained 4.3% as well, while JB Hi-Fi Limited (ASX: JBH) shares were up 0.9%.
Here are Thursday's top stories:
- National Australia Bank Ltd reports: Are shares good value?
- Slammed: Blackmores Limited shares tumble on AGM update
- Is Woolworths Limited still losing market share to its competitors?
- Ardent Leisure Group flags significant impact to theme parks at AGM
- Iron ore hits 11-week high and more gains could be ahead
- Why JB Hi-Fi Limited shares soared 5% today
- 2 huge reasons why shares of Westfield Corp have been hammered since Brexit