The ASX was slammed again today, compounding the effects of recent losses.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.4% to 4924 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.4% to 5000 points
- AUD/USD at US 75.91 cents
- Iron Ore at US$54.80 a tonne, according to the Metal Bulletin
- Gold at US$1,225.41 an ounce
- Brent oil at US$37.51 a barrel
The local share market fell for the third consecutive session today, driven by a weak international lead, falling oil prices and further losses from the banks.
Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) were the worst of the bunch, losing 2.3% and 2%.
Australia and New Zealand Banking Group (ASX: ANZ) dropped 1.5%, while National Australia Bank Ltd. (ASX: NAB) lost 1% as well.
Resources shares were out of favour again. BHP Billiton Limited (ASX: BHP) plunged 3.3%, slipping below $16, while Woodside Petroleum Limited (ASX: WPL) and Santos Ltd (ASX: STO) shed 4.2% and 5.3%.
Nine Entertainment Co Holdings Ltd (ASX: NEC) and Liquefied Natural Gas Ltd (ASX: LNG) were among the worst. They fell 23.7% and 10.7%, while Select Harvests Limited (ASX: SHV) rose 9.2%.
Here are Tuesday's top stories:
- RBA leaves interest rates on hold, but a cut could be coming
- Why investing in unprofitable tech shares can cost you a fortune
- 5 dividend shares for your retirement portfolio
- Arrium Ltd's bankers push for voluntary administration
- Medibank Private Ltd hits all-time high of $2.97: Should you buy shares?
- Why the Blackmores Limited share price is climbing again
- Why the oOh!Media Ltd share price jumped 7.3% today