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ALL ORDINARIES finishes lower Tuesday: 10 shares you missed

Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Tuesday.

Here’s a quick recap of the Aussie market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.8%
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.7%
  • AUD/USD at US 76.12 cents
  • Gold at US$1,245 an ounce, down 0.9%
  • Oil at US$44.33 a barrel, down 1.4%

Amongst the companies diving into the red, each of the major banks fell on news that credit ratings agency, Moody’s, downgraded them over housing market fears.

  • Commonwealth Bank of Australia (ASX: CBA) – down 0.7%
  • Australia and New Zealand Banking Group (ASX: ANZ) – down 1.3%
  • Westpac Banking Corp (ASX: WBC) – down 1.8%
  • National Australia Bank Ltd. (ASX: NAB) – down 1.1%

Also seeing red were shares of Westfield Corp Ltd (ASX: WFD), the global arm of Westfield Shopping Centres. Origin Energy Ltd (ASX: ORG) and Newcrest Mining Ltd (ASX: NCM) shares also closed sharply lower following the overnight selloff in commodity prices.

Performing strongly today was shares of Reece Ltd (ASX: REH), the plumbing business; Independence Group NL (ASX: IGO), a mining company; and accounting software company, XERO FPO NZX (ASX: XRO). None of the companies released material news to the market.

Here are today’s top stories:

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Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes and encourages your feedback. You can follow him on Twitter @OwenRask.

The Motley Fool Australia owns shares of National Australia Bank Limited, Telstra Limited, and Xero. 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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