The local share market fell sharply after it opened this morning and, from there, it never looked like recovering.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.9% to 5339 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.8% to 5440 points
  • AUD/USD at US 76.55 cents
  • Iron Ore at US$58.14 a tonne, according to the Metal Bulletin
  • Gold at US$1,337.87 an ounce
  • Brent oil at US$49.47 a barrel

Most shares spent the majority of Friday’s session in the red.

Australia and New Zealand Banking Group (ASX: ANZ) lost 1.2%, while rivals Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) dropped 1.7% and 1.6%, respectively.

Woolworths Limited (ASX: WOW) also fell 1.8%, with fellow grocery giant Wesfarmers Ltd (ASX: WES) declining 1.1%.

Mining giant BHP Billiton Limited (ASX: BHP) produced a far superior performance, rising 2.6%. South32 Ltd (ASX: S32) also gained 5.2%.

Gold miner Beadell Resources Ltd (ASX: BDR) fell sharply, shedding 7.1%. Select Harvests Limited (ASX: SHV) also declined 3.1%.

Sigma Pharmaceutical Limited (ASX: SIP), on the other hand, backed up Thursday’s performance with another stunning return. Its shares rose 9.3%, with Whitehaven Coal Limited (ASX: WHC) also gaining 8.7%.

Here are Friday’s top stories:

  1. 3 blue-chip shares that won’t let you down
  2. 4 shares you’d love to buy, but shouldn’t
  3. Should you buy shares of JB Hi-Fi Limited and Nick Scali Limited?
  4. Why this top broker thinks Flight Centre Travel Group Ltd is a buy
  5. 3 growing biotech shares that could make you rich
  6. Shareholders set to receive $24 billion in dividends

Discover How 1 Man Made 100x His Money After 50

Few know, that as Warren Buffett blew out the candles on his 50th birthday cake, he had just 1% of his current fortune. Think about it: At an age when most give up hope, Buffett was just getting started on the remaining 99% of his fortune. Goes to show you that it's never too late for you to potentially get rich. Which is why we've gathered the strategies we learned from Buffett, distilled them down to 11 simple lessons, and put it in an exclusive report for you to claim. Just click here to learn more about this handy investing guide.

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.