Local shares fell today, dragged down by huge falls in some of the country’s biggest shares.

First, here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.2% to 5430 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.2% to 5513 points
  • AUD/USD at US 76.28 cents
  • Iron Ore at US$58.85 a tonne, according to the Metal Bulletin
  • Gold at US$1,262.44 an ounce
  • Brent oil at US$51.21 a barrel

The heavy falls endured by Healthscope Ltd (ASX: HSO) and SKYCITY Entertainment Group Limited-Ord (ASX: SKC) provided two of the biggest stories today.

Healthscope shares plunged as much as 26.6% earlier on the back of slower-than-expected revenue growth in hospitals so far this year. Its shares ended the day 18.8% lower, while rival Ramsay Health Care Limited (ASX: RHC) lost 5.9%.

SkyCity shares also crashed 12.2% following a disappointing update on its first-quarter operations. Its rival Crown Resorts Ltd (ASX: CWN) managed to regain 1.6% after a turbulent week, while Star Entertainment Group Ltd (ASX: SGR) fell 1.5%.

Other businesses that endured heavy falls today included EVOLUTION FPO (ASX: EVN), down 3.8%, and Spotless Group Holdings Ltd (ASX: SPO), down 5.7%.

Medibank Private Ltd (ASX: MPL), on the other hand, gained 2.7%. Woolworths Limited (ASX: WOW) and Westpac Banking Corp (ASX: WBC) gained 1.5% and 0.9%, respectively.

Bellamy’s Australia Ltd (ASX: BAL) was one of the strongest performers for the day, lifting 4.6%.

Here are Friday’s top stories:

  1. Look out below: Healthscope Ltd crashes 22% on profit warning
  2. Here’s why the SKYCITY Entertainment Group Limited share price is plunging today
  3. Slammed! Why Healthscope Ltd shares plummeted 17% today
  4. 4 small-cap shares I think could be set to soar in 2017
  5. Qantas Airways Limited is being buffetted by headwinds
  6. Japara Healthcare Ltd shares jump after AGM: is time to buy?
  7. Your ‘smashed avo’ investment guide

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Motley Fool contributor Ryan Newman owns shares of Bellamy's Australia. The Motley Fool Australia owns shares of Bellamy's Australia. 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.