The G8 Education Ltd (ASX: GEM) share price staged a major turnaround today after beginning the session deep in the red. More broadly, the market itself closed the day slightly higher despite falling into the red in the afternoon.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.2% to 5769 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.1% to 5811 points
- AUD/USD at US 74.49 cents
- Iron Ore at US$62.00 a tonne, according to the Metal Bulletin
- Gold at US$1,248.90 an ounce
- Brent oil at US$54.29 a barrel
The G8 Education share price slipped as much as 9.6% this morning upon its return to trading from an extended trading halt. However, the shares ended the session just 1.5% lower.
There wasn't as much to smile about across the resources sector. Gold shares were on the nose after a drop in the gold price overnight: Resolute Mining Limited (ASX: RSG) ended 6.5% lower, St Barbara Ltd (ASX: SBM) shed 6.2%, and Regis Resources Limited (ASX: RRL) fell 4.8%.
Meanwhile, the Fortescue Metals Group Limited (ASX: FMG) share price slid 4.8%, and BHP Billiton Limited (ASX: BHP) dropped 0.6%.
The banks continued their slide, as well. Westpac Banking Corp (ASX: WBC) was the worst of the big four, slipping 0.7%.
Elsewhere, Vocus Group Ltd (ASX: VOC) continued its rebound today, rising 7.8%, while Worleyparsons Limited (ASX: WOR) rose 4.2%.
Here are Wednesday's top stories:
