Local shares slipped today, despite a positive opening for the broader market and a strong lead from international markets. That said, the ASX did manage to recover somewhat late in the session.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.1% to 5532 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.1% to 5589 points
- AUD/USD at US 73.52 cents
- Iron Ore at US$81.50 a tonne, according to the Metal Bulletin
- Gold at US$1,129.93 an ounce
- Brent oil at US$54.22 a barrel
It was Mayne Pharma Group Ltd's (ASX: MYX) turn in the spotlight today. Its shares plummeted 8.8% following a report by Reuters that the company could be targeted in a new lawsuit.
The gold miners had a shocking session, as well. Newcrest Mining Limited (ASX: NCM) and EVOLUTION FPO (ASX: EVN) plunged 4.7% and 8.3%.
Northern Star Resources Ltd (ASX: NST) and St Barbara Ltd (ASX: SBM) cratered 7.2% and 8.2%, respectively, as well.
Shares of Sirtex Medical Limited (ASX: SRX) slipped another 5.1%, with TPG Telecom Ltd (ASX: TPM) down 4.4% at the end of the session.
On a more positive note, Orora Ltd (ASX: ORA) lifted 5.7%. While Estia Health Ltd (ASX: EHE) and Sims Metal Management Ltd (ASX: SGM) gained 6.7% and 2.7%, respectively.
Crown Resorts Ltd (ASX: CWN) also gained 1.1% after it emerged from a trading halt pending the sale of much of its Melco Crown Entertainment business.
Here are Friday's top stories:
- CRASH! Why Mayne Pharma Group Ltd's share price plunged 22% today
- Why Crown Resorts Ltd is cashing in its China chips
- Gold miners and the gold price could crater on US interest rate hikes
- Is the market confused about Buddy Platform Ltd?
- 3 ugly small-cap share ideas for 2017
- 3 explosive tech shares on my Christmas shopping list
