Local shares fell sharply on Friday, dragged down by the major banks and a number of other blue chip shares.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.8% to 5372 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.7% to 5470 points
  • AUD/USD at US 75.59 cents
  • Iron Ore at US$58.86 a tonne, according to the Metal Bulletin
  • Gold at US$1,312.24 an ounce
  • Brent oil at US$45.70 a barrel

Australia and New Zealand banking Group (ASX: ANZ) and Westpac Banking Corp (ASX: WBC) fell 0.8% and 1.1%, respectively. National Australia Bank Ltd. (ASX: NAB) also dropped 1.1%.

Meanwhile, CSL Limited (ASX: CSL) fell 2.2% and Medibank Private Ltd (ASX: MPL) dropped 1.1%.

Select Harvests Limited (ASX: SHV) also dropped 8.7%, while Estia Health Ltd (ASX: EHE) fell another 6%.

A number of the miners were surprisingly strong. South32 Ltd (ASX: S32) climbed 3.4% and Rio Tinto Limited (ASX: RIO) rose 0.9%.

But that was nothing compared to some of the gold miners. EVOLUTION FPO (ASX: EVN) gained 4.7% and Beadell Resources Ltd (ASX: BDR) lifted 10%.

Here are Friday’s top stories:

  1. Gold stocks soar: Is there more to come?
  2. Top stock picks for September
  3. Smash term deposits and buy these 3 cheap dividend shares instead
  4. Why I think Ramsay Health Care Limited is a buy at its 10-year high
  5. A large, mid and small cap stock I’d buy with $30,000
  6. 3 strong performers from earnings season: Are they still a buy?
  7. How Lithium Pair Galaxy Resources Limited and Orocobre Limited Exploded into the ASX 200

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.