The ongoing uncertainty following Donald Trump's election victory last week contributed to another sell-down today with high-yield dividend stocks among those sold off. Transurban Group (ASX: TCL) fell 0.2% and Sydney Airport Holdings Ltd (ASX: SYD) shed 1.5%.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.4% to 5326 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.4% to 5399 points
- AUD/USD at US 75.63 cents
- Iron Ore at US$77.77 a tonne, according to the Metal Bulletin
- Gold at US$1,224.49 an ounce
- Brent oil at US$45.19 a barrel
The gold miners provided some light for the broader market today as gold prices rebounded ever so marginally. Independence Group NL (ASX: IGO) rose 3.3% and Silver Lake Resources Limited. (ASX: SLR) gained 3%.
The iron ore producers didn't fare so well. BHP Billiton Limited (ASX: BHP) lost 1.2% while Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO) dropped 2.6% and 0.8% respectively. South32 Ltd (ASX: S32) also fell 5.4%.
Outside the resources space, OFX Group Ltd (ASX: OFX) plunged 17% following a disappointing half-year result. Whitehaven Coal Ltd (ASX: WHC) shed 10.1% as well, while Aconex Ltd (ASX: ACX) and Virtus Health Ltd (ASX: VRT) lost 8.5% and 3.5%.
Mesoblast limited (ASX: MSB) was a better performer, rising 0.8% after its quarterly report. Santos Ltd (ASX: STO) gained 4.7%, while Premier Investments Limited (ASX: PMV) rose 5.1%.
Here are Tuesday's top stories:
