ASX slammed: 9 shares you should have been watching on Tuesday

The ASX 200 was hit hard on Tuesday, but the Retail Food Group Limited (ASX: RFG) share price did manage to bounce back after yesterday’s decline.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.5% to 5667 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.5% to 5708 points
  • AUD/USD at US 74.91 cents
  • Iron Ore at US$55.90 a tonne, according to the Metal Bulletin
  • Gold at US$1,284.47 an ounce
  • Brent oil at US$49.24 a barrel

The Retail Food Group share price was slammed on Monday following the release of a bearish report from UBS. However, the company’s management team provided a response this morning that helped to ease some of the market’s concerns, which saw the shares rise 3.2%. It was the top-performing share within the ASX 200.

The Whitehaven Coal Ltd (ASX: WHC) share price also rose 3.2%, and the St Barbara Ltd (ASX: SBM) share price gained 3.1%.

Conditions were pretty ugly elsewhere. The banks ended the session in the red once again, with Westpac Banking Corp (ASX: WBC) down 1.4% and the Commonwealth Bank of Australia (ASX: CBA) share price down 1.5%.

The BHP Billiton Limited (ASX: BHP) share price shed another 1.4% as well, with Fortescue Metals Group Limited (ASX: FMG) down 0.8%.

Flight Centre Travel Group Ltd (ASX: FLT) was one of the worst performers on the market, its shares declining 4%. The Aconex Ltd (ASX: ACX) share price shed 4.8% too.

Here are Tuesday’s top stories:

  1. Top broker names 6 “high conviction” shares to buy now
  2. How peer-to-peer lending could hit big bank profits

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Motley Fool contributor Ryan Newman owns shares of Retail Food Group Limited. The Motley Fool Australia owns shares of ACONEX FPO, Flight Centre Travel Group Limited, and Retail Food Group 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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