Local shares fell sharply today, although they did manage to recover some of their morning losses in the afternoon.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.7% to 5385 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.7% to 5484 points
  • AUD/USD at US 76.81 cents
  • Iron Ore at US$58.46 a tonne, according to the Metal Bulletin
  • Gold at US$1,346.38 an ounce
  • Brent oil at US$48.67 a barrel

A number of big-name shares recorded heavy losses during Thursday’s session.

Blackmores Limited (ASX: BKL) dropped 5.3%. Aconex Limited (ASX: ACX) fell 3.9%. Medibank Private Ltd (ASX: MPL) lost 1.6%.

And Woolworths Limited (ASX: WOW) shed 3.5%, although that was mostly due to the shares going ex-dividend.

BHP Billiton Limited (ASX: BHP) also fell 1.2%, with Australia and New Zealand Banking Group (ASX: ANZ) dropping 1.1%.

The gold miners endured something of a sell-off today as well following yesterday’s rally. St Barbara Ltd (ASX: SBM) dropped 6.5% and Independence Group NL (ASX: IGO) lost 6.1%.

Sigma Pharmaceutical Limited (ASX: SIP), on the other hand, soared 11.3%. AWE Limited (ASX: AWE) gained 1.5% as well.

Here are Thursday’s top stories:

  1. Better buy: Telstra Corporation Ltd or TPG Telecom Ltd?
  2. Which are the fastest growing ASX software stocks? (Part I)
  3. Which are the fastest growing ASX software stocks? (Part II)
  4. Should you participate in Metcash Limited’s share purchase plan?
  5. 5 unsexy shares that won’t let you down
  6. Shock News: Has Aldi’s growth come to an end?

CLOSING TONIGHT AT MIDNIGHT! -- Here's what happened to The Motley Fool's massive $1 million ASX bet...

Less than three years ago, Motley Fool boss Bruce Jackson bet $1,000,000 of company money (plus $500,000 of his own family's cash) on one unique service known as Motley Fool Pro. Now Pro is up a staggering 89%, darn near DOUBLING members' money! Simply click the link below to get a sneak peek at Pro's 3 biggest winners... the "golden egg" stocks that have powered Pro to 89% returns! Fair warning: Your special time-limited invitation won't wait.

Discover the 3 "golden egg" stocks - and your invitation!

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.