Here’s what happened to the ASX 200 today

Local shares struggled to gain traction today following yesterday’s monetary policy announcement which saw the country’s cash rate remain unchanged at 1.75%. The miners also pulled their foot off the accelerator with the market finishing mostly flat for the day.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 5370 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5441 points
  • AUD/USD at US 74.62 cents
  • Iron Ore at US$52.54 a tonne, according to the Metal Bulletin
  • Gold at US$1,248.45 an ounce
  • Brent oil at US$51.52 a barrel

Shares of BHP Billiton Limited (ASX: BHP) regained some composure as the session wore on, but still ended the day 1.2% lower. Rio Tinto Limited (ASX: RIO) also fell 1.9%, while Fortescue Metals Group Limited (ASX: FMG) dropped 4%.

The banks also struggled. Australia and New Zealand Banking Group (ASX: ANZ) was the worst of the lot, falling 0.5%.

Meanwhile, Telstra Corporation Ltd (ASX: TLS) shares also fell 1.1%, although Wesfarmers Ltd (ASX: WES) recorded a 1.8% gain.

Liquefied Natural Gas Ltd (ASX: LNG) was again the market’s best performer, lifting an impressive 25%. Estia Health Ltd (ASX: EHE), on the other hand, fell 4.8%.

Here are Wednesday’s top stories:

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Motley Fool contributor Ryan Newman owns shares of Xero. The Motley Fool Australia owns shares of Xero. 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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