Resources slide on Wednesday: 9 shares you should have been watching

The G8 Education (ASX:GEM) staged a big turnaround today

a woman

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The G8 Education Ltd (ASX: GEM) share price staged a major turnaround today after beginning the session deep in the red. More broadly, the market itself closed the day slightly higher despite falling into the red in the afternoon.

Here's a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.2% to 5769 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.1% to 5811 points
  • AUD/USD at US 74.49 cents
  • Iron Ore at US$62.00 a tonne, according to the Metal Bulletin
  • Gold at US$1,248.90 an ounce
  • Brent oil at US$54.29 a barrel

The G8 Education share price slipped as much as 9.6% this morning upon its return to trading from an extended trading halt. However, the shares ended the session just 1.5% lower.

There wasn't as much to smile about across the resources sector. Gold shares were on the nose after a drop in the gold price overnight: Resolute Mining Limited (ASX: RSG) ended 6.5% lower, St Barbara Ltd (ASX: SBM) shed 6.2%, and Regis Resources Limited (ASX: RRL) fell 4.8%.

Meanwhile, the Fortescue Metals Group Limited (ASX: FMG) share price slid 4.8%, and BHP Billiton Limited (ASX: BHP) dropped 0.6%.

The banks continued their slide, as well. Westpac Banking Corp (ASX: WBC) was the worst of the big four, slipping 0.7%.

Elsewhere, Vocus Group Ltd (ASX: VOC) continued its rebound today, rising 7.8%, while Worleyparsons Limited (ASX: WOR) rose 4.2%.

Here are Wednesday's top stories:

  1. Here's what happened to the G8 Education Ltd share price today
  2. Revealed: 3 dividend shares with yields over 5%
  3. Probably, my top 2 small cap share ideas right now
Motley Fool contributor Ryan Newman owns shares of Vocus Communications Limited. The Motley Fool Australia owns shares of Vocus Communications Limited. 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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