Local shares ended the week on a sour note today as the banks and miners dragged the index lower.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.7% to 5654 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.6% to 5709 points
- AUD/USD at US 75.82 cents
- Iron Ore at US$80.99 a tonne, according to the Metal Bulletin
- Gold at US$1,207.95 an ounce
- Brent oil at US$54.34 a barrel
Shares of OrotonGroup Limited (ASX: ORL) plummeted 13.7% today after the retailer downgraded its profit guidance this morning. It said that with only two weeks left of trade for the first-half of 2017, like-for-like sales are now 10% lower year-to-date, compared to a 10% increase for the same period last year.
Shaver Shop Group Ltd (ASX: SSG), on the other hand, rose 12.3% on its own sales update. Total corporate store sales in December were $27.8 million, which was at the upper end of its recently-revised range of $26 million to $28 million.
Shares of Yowie Group Ltd (ASX: YOW) rebounded 2.8% following yesterday's 10% plunge. Meanwhile, CSL Limited (ASX: CSL) rose another 2.8% and Bega Cheese Ltd (ASX: BGA) gained another 0.8%.
Sydney Airport Holdings Ltd (ASX: SYD) also rose 2.5% after reporting that its total passenger growth was the strongest in six years in 2016. It was one of the strongest performing shares for the day.
Sims Metal Management Ltd (ASX: SGM) didn't fare so well, shedding 5.7%. Westpac Banking Corp (ASX: WBC) also fell 1.5% while South32 Ltd (ASX: S32) retreated 4.3%.
Here are Friday's top stories:
