Qantas Airways Limited shares drag on S&P/ASX 200

Local shares recouped some of their losses this afternoon, but the market still closed lower.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.4% to 5137 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.4% to 5204 points
  • AUD/USD at US 76.63 cents
  • Iron Ore at US$58.28 a tonne, according to the Metal Bulletin
  • Gold at US$1,235.98 an ounce
  • Brent oil at US$41.14 a barrel

Shares of Australia’s major banks were all sold off today, weighing heavily on the broader market. However, it was the energy shares that did much of the damage with oil prices expected to resume their decline.

BHP Billiton Limited (ASX: BHP) shares fell 3%, closing below $19, while Santos Ltd (ASX: STO) shares dropped 7%. Senex Energy Ltd (ASX: SXY) and Origin Energy Ltd (ASX: ORG) also dropped 10.3% and 5.8%, respectively.

Liquefied Natural Gas Ltd (ASX: LNG) was the big exception. Its shares soared 27.3% following a positive announcement to the market regarding its Magnolia LNG project.

Westpac Banking Corp (ASX: WBC) and Commonwealth Bank of Australia (ASX: CBA) led the banks lower, both falling more than 1%, while Telstra Corporation Ltd (ASX: TLS) shares jumped 1.7%.

Qantas Airways Limited (ASX: QAN) was one of the worst performers for the day. Its shares crashed 10.8% to $3.62.

Here are Monday’s top stories:

  1. Why the Qantas share price has crashed today
  2. Freelancer Ltd shares soar on rocketing quarterly growth
  3. Revealed: Slater & Gordon Limited updates on debt battle
  4. Here’s why these 5 gold miner shares are sparkling today
  5. Brokers name 5 “strong buy” shares ready to be bought
  6. Why the BHP Billiton Limited share price soared 19% last week
  7. Wipeout: Silex Systems Ltd shares plummet 45% on market update

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. 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.

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