Local shares fought back this afternoon after trading more than 0.6% lower, although the market still ended the day in the red. It was the banks doing most of the damage with all four of the majors recording a loss for the day.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.2% to 5361 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.1% to 5437 points
  • AUD/USD at US 74.66 cents
  • Iron Ore at US$52.10 a tonne, according to the Metal Bulletin
  • Gold at US$1,261.32 an ounce
  • Brent oil at US$52.63 a barrel

While none of the banks provided any support today, it was Australia and New Zealand Banking Group (ASX: ANZ) and Westpac Banking Corp (ASX: WBC) that fell the heaviest. The pair dropped 0.9% each.

Telstra Corporation Ltd (ASX: TLS) and Amcor Limited (ASX: AMC) also acted as a drag on the market, falling 0.7% and 8.1%, respectively.

The miners, on the other hand, did provide some support. BHP Billiton Limited (ASX: BHP) gained 0.4%, while its spin-off South32 Ltd (ASX: S32) rose 4.7%.

The gold miners were even better. St Barbara Ltd (ASX: SBM) soared 7.5%, with Regis Resources Limited (ASX: RRL) also gaining 6.8%.

The best for the day, however, was Sky Network Television Ltd (ASX: SKT). Its share price skyrocketed 20.5%.

Here are Thursday’s top stories:

  1. Gold miners go gangbusters on rocketing gold price
  2. Here’s why Sky Network Television Ltd shares soared 20% today
  3. Amcor Limited shares sent packing on Venezuelan write downs
  4. Surfstitch Group Ltd revenue crash: Share price under pressure
  5. Why the Lovisa Holdings Ltd share price soared today
  6. Is Commonwealth Bank of Australia facing an ASIC investigation of its own?
  7. Up 454%: Are Catapult Group International Ltd shares still a buy?

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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.