The local market followed international equities lower today, almost reversing the gains achieved during yesterday’s session. The losses were broad with most of the market’s biggest companies ending the day in the red.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.3% to 5498 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.3% to 5574 points
  • AUD/USD at US 74.78 cents
  • Iron Ore at US$57.17 a tonne, according to the Metal Bulletin
  • Gold at US$1,327.30 an ounce
  • Brent oil at US$46.28 a barrel

The banks were a weight on the market. Australia and New Zealand Banking Group (ASX: ANZ) and National Australia Bank Ltd. (ASX: NAB) were hit the hardest, losing 0.4% and 0.7%.

The miners started the day on top but eventually sacrificed their gains. Rio Tinto Limited (ASX: RIO) fell 0.4% while BHP Billiton Limited (ASX: BHP) gained a mere 0.2%.

Shares of Coca-Cola Amatil Ltd (ASX: CCL) fell sharply. They lost 3.2% following an analyst downgrade.

Aconex Ltd (ASX: ACX) and Metcash Limited (ASX: MTS) also fell for the day, shedding 0.8% and 3.8%.

But that was nowhere near as bad as Asaleo Care Ltd (ASX: AHY), whose shares plunged 29.7% after a poor earnings result.

The gold miners, on the other hand, had a field day (excuse the pun). EVOLUTION FPO (ASX: EVN) rose 4.5% while Independence Group NL (ASX: IGO) rose 8.7%.

Liquefied Natural Gas Ltd (ASX: LNG) recorded a strong gain as well, lifting 5.7%.

Here are Friday’s top stories:

  1. Here’s why Asaleo Care Ltd shares are being annihilated today
  2. The top 10 mid cap stocks to add to your watchlist
  3. Another retail disappointment: Asaleo Care Ltd share price smacked
  4. Why brokers have upgraded these 3 growth shares
  5. 4 ways to profit from the rise of the Chinese middle class
  6. Why shares of Gage Roads Brewing Co Limited are soaring today
  7. Here’s why EVOLUTION FPO and the gold miners are soaring today

Discover How 1 Man Turned $10K Into Over $8 Million

Discover how one man turned a modest $10,600 investment into an $8,016,867 fortune. Learn more about this man and how you can start down the path toward financial independence. Simply click here to learn more.

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. 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.