The local share market ended the week on a sour note today with the main bourse slipping back toward 5,700 points.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.8% to 5721 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.8% to 5776 points
- AUD/USD at US 74.84 cents
- Iron Ore at US$79.43 a tonne, according to the Metal Bulletin
- Gold at US$1,192.32 an ounce
- Brent oil at US$56.08 a barrel
Infant formula producer Bellamy's Australia Ltd (ASX: BAL) fell another 8.9% today while its rival Blackmores Limited (ASX: BKL) climbed another 2.8%.
The banks caused plenty of damage, too. Commonwealth Bank of Australia (ASX: CBA) dropped 1.4% and National Australia Bank Ltd. (ASX: NAB) fell 1.3%. Australia and New Zealand Banking Group (ASX: ANZ) and Westpac Banking Corp (ASX: WBC) slipped 1.8% and 1.6%, respectively.
Western Areas Ltd (ASX: WSA) was one of the worst performing shares across the market, plunging 19.2%, with Independence Group NL (ASX: IGO) ending the session 10.2% lower.
Woolworths Limited (ASX: WOW) was one of the few blue chips that provided any support today. Its shares gained 0.5%.
Automotive aftermarket parts distributor Bapcor Ltd (ASX: BAP) made its takeover offer for Hellaby Holdings unconditional. Its shares rose 0.5% as well.
Meanwhile, Liquefied Natural Gas Ltd (ASX: LNG) shares rose 16.2% and Aconex Ltd (ASX: ACX) gained 3.7%.
Here are Friday's top stories:
- 3 fully franked dividend shares you need to know in 2017
- 4 of the best shares for huge dividend income in 2017
- Is Webjet Limited the best growth share on the ASX?
- 2 healthcare shares I'm tipping to buy before earnings season
- Bapcor Ltd makes Hellaby Holdings Ltd deal unconditional
- Should Commonwealth Bank of Australia shares be on your radar in 2017?
