The Telstra Corporation Ltd (ASX: TLS) share price weighed heavily on the ASX 200 today. Indeed, the TLS share price fell a whopping 6.6%, ending the session at $4.85 per share.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.1% to 5816 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.1% to 5863 points
- AUD/USD at US 77.1 cents
- Iron Ore at US$91.05 a tonne, according to the Metal Bulletin
- Gold at US$1,235.52 an ounce
- Brent oil at US$55.73 a barrel
Telstra's share price decline came after a weak first-half earnings result that saw net profit fall 14.4%.
Telstra's decline was reflected across the telecommunications industry. TPG Telecom Ltd (ASX: TPM) slipped 5.2% while Vocus Group Ltd (ASX: VOC) declined 4.7%.
The Wesfarmers Ltd (ASX: WES) share price fell 1.1%, too.
Meanwhile, Bapcor Ltd (ASX: BAP) shares declined 2.9% despite a strong earnings report (and a full-year earnings guidance upgrade), with Hansen Technologies Limited (ASX: HSN) down 7.9% too.
Meanwhile, the Slater & Gordon Limited (ASX: SGH) share price was slammed 25.9%.
Thankfully, their falls were offset somewhat by an 1.5% rise for the BHP Billiton Limited (ASX: BHP) share price, and a 0.7% increase for the Commonwealth Bank of Australia (ASX: CBA) share price.
The Domino's Pizza Enterprises Ltd. (ASX: DMP) share price rebounded strongly from yesterday's heavy decline. The DMP share price lifted 7.7%, with Whitehaven Coal Ltd (ASX: WHC) and Cochlear Limited (ASX: COH) up 5.8% and 4.5%, respectively, as well.
Here are Thursday's top stories:
