It was a bumpy day for the local share market, but it ultimately ended the day flat.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 4880 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 4945 points
- AUD/USD at US 72.42 cents
- Iron Ore at US$49.75 a tonne, according to the Metal Bulletin
- Gold at US$1,237.28 an ounce
- Brent oil at US$35.02 a barrel
Local shares fell sharply this morning after the iron ore price fell overnight, although a rebound in oil prices helped steady the ship. Meanwhile, investors appeared to come around to Woolworths Limited's (ASX: WOW) earnings report which also provided shares with some support.
Woolworths' shares fell as much as 6.3% today, but ended the day 2.1% higher. Wesfarmers Ltd (ASX: WES), on the other hand, fell 0.1%.
Unfortunately, the miners also had a tough day. Shares of BHP Billiton Limited (ASX: BHP) dropped 2.6%, Rio Tinto Limited (ASX: RIO) was down 3.2%, and Fortescue Metals Group Limited (ASX: FMG) was down 2.9%.
National Australia Bank Ltd. (ASX: NAB) was the worst of the banks, losing 0.6% for the day.
Breville Group Ltd (ASX: BRG) was again one of the top performing shares from the ASX 200, rising 12.3%. Super Retail Group Ltd (ASX: SUL) plunged 17.2%, while Village Roadshow Ltd's (ASX: VRL) shares also lost another 6.8%.
Here are Friday's top stories:
- Woolworths Limited slashes dividend and posts $973 million loss
- Here's why Super Retail Group Ltd shares plunged 15% today
- Vocus Communications Limited shares lift on gangbusters growth
- Shares of Arrium Ltd are down 72%: Is it time to sell?
- Woolworths Limited slashes its dividend… and its share price SOARS
- Monash IVF Group Ltd vs. Virtus Health Ltd: Which is the better buy?
