The local share market was hit again today, extending on yesterday's losses as another widely-held business succumbed to the market's wrath. That said, the main bourse did manage to recover some of its losses as the session wore on.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.7% to 5620 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.7% to 5675 points
- AUD/USD at US 75.66 cents
- Iron Ore at US$83.34 a tonne, according to the Metal Bulletin
- Gold at US$1,202.60 an ounce
- Brent oil at US$55.28 a barrel
Virtus Health Ltd (ASX: VRT) issued a disappointing trading update this morning, reporting ongoing weakness in IVF cycle volumes. Its shares fell 17.7%.
Aconex Ltd (ASX: ACX) shares also fell another 2.6% after yesterday's downgrade, although Servcorp Ltd (ASX: SRV) recovered 4.1% after its own Monday meltdown.
Collections business Credit Corp Group Ltd (ASX: CCP) slipped 3% with investors not satisfied by its 19% increase in earnings. That said, its rival Collection House Limited (ASX: CLH) also tumbled 6.5% on the news.
Meanwhile, Liquefied Natural Gas Ltd (ASX: LNG) fell another 1.7% and Syrah Resources Ltd (ASX: SYR) dropped 6.1%.
Many of the blue chips were also under fire today. BHP Billiton Limited (ASX: BHP), for instance, dropped 2.6% and Australia and New Zealand Banking Group (ASX: ANZ) shed 0.9%.
There wre some positives, however. Bellamy's Australia Ltd (ASX: BAL) rebounded 5% for the day, while Fortescue Metals Group Limited (ASX: FMG) rose 2.8%.
Here are Tuesday's top stories:
