Despite its promising start, the ASX ended flat today after spending much of the afternoon in the red.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 5010 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.1% to 5081 points
  • AUD/USD at US 76.21 cents
  • Iron Ore at US$55.11 a tonne, according to the Metal Bulletin
  • Gold at US$1,236.21 an ounce
  • Brent oil at US$39.37 a barrel

Following the lead set by Wall Street overnight, local shares climbed higher this morning. Unfortunately, however, the banks were unable to maintain their gains, leading the market back down in afternoon trade.

Once again, it was Australia and New Zealand Banking Group (ASX: ANZ) that was the worst of the banks. Its shares fell 0.4%, while Commonwealth Bank of Australia (ASX: CBA) was the best of the bunch, rising 0.3%.

The miners had a mixed day as well, but ultimately ended the day lower. BHP Billiton Limited (ASX: BHP) dropped 0.5%, while Woodside Petroleum Limited (ASX: WPL) and South32 Ltd (ASX: S32) fell 2.6% and 2.1%.

Select Harvests Limited (ASX: SHV) was one of the worst performers, shedding 8.7%. St Barbara Ltd (ASX: SBM), on the other hand, managed to lift 8.1%.

Here are Wednesday’s top stories:

  1. Bank shares tipped to fall further
  2. Attention: Government gives green light to Blockchain disruption
  3. 4 Dividend Shares You Might Want to Own in Retirement
  4. Overseas competitors could sink these ASX shares
  5. When dividends make more sense than growth
  6. A bargain hunter’s guide to Santos Ltd
  7. Here’s why the Emerchants Ltd share price is skyrocketing today

Why These 3 Blue Chip Shares Look Set to Soar in 2016

Discover The Motley Fool's top 3 blue chips for 2016. These 3 'new breed' shares pay fully franked dividends AND offer the very real prospect of significant capital appreciation. Simply click here to gain access to this comprehensive FREE investment report.

No credit card required.

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool contributor Ryan Newman has no position in any stocks mentioned. Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. You can follow Ryan on Twitter @ASXvalueinvest.

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.