ASX 200 plunges: 12 shares you should have been watching

The banks weighed the market down on Friday

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The local share market ended the week on a sour note today with the main bourse slipping back toward 5,700 points.

Here's a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.8% to 5721 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.8% to 5776 points
  • AUD/USD at US 74.84 cents
  • Iron Ore at US$79.43 a tonne, according to the Metal Bulletin
  • Gold at US$1,192.32 an ounce
  • Brent oil at US$56.08 a barrel

Infant formula producer Bellamy's Australia Ltd (ASX: BAL) fell another 8.9% today while its rival Blackmores Limited (ASX: BKL) climbed another 2.8%.

The banks caused plenty of damage, too. Commonwealth Bank of Australia (ASX: CBA) dropped 1.4% and National Australia Bank Ltd. (ASX: NAB) fell 1.3%. Australia and New Zealand Banking Group (ASX: ANZ) and Westpac Banking Corp (ASX: WBC) slipped 1.8% and 1.6%, respectively.

Western Areas Ltd (ASX: WSA) was one of the worst performing shares across the market, plunging 19.2%, with Independence Group NL (ASX: IGO) ending the session 10.2% lower.

Woolworths Limited (ASX: WOW) was one of the few blue chips that provided any support today. Its shares gained 0.5%.

Automotive aftermarket parts distributor Bapcor Ltd (ASX: BAP) made its takeover offer for Hellaby Holdings unconditional. Its shares rose 0.5% as well.

Meanwhile, Liquefied Natural Gas Ltd (ASX: LNG) shares rose 16.2% and Aconex Ltd (ASX: ACX) gained 3.7%.

Here are Friday's top stories:

  1. 3 fully franked dividend shares you need to know in 2017
  2. 4 of the best shares for huge dividend income in 2017
  3. Is Webjet Limited the best growth share on the ASX?
  4. 2 healthcare shares I'm tipping to buy before earnings season
  5. Bapcor Ltd makes Hellaby Holdings Ltd deal unconditional
  6. Should Commonwealth Bank of Australia shares be on your radar in 2017?
Motley Fool contributor Ryan Newman owns shares of Bapcor and Bellamy's Australia. The Motley Fool Australia owns shares of ACONEX FPO, Bapcor, and 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.

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