The market closed the week lower as selling accelerated throughout the day and ended the week flat. This after Tuesday's 3.8% fall sparked by fears over the solvency of global resources giant Glencore.
Here's a quick recap as at the close of trade:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.2% to 5,052 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.1% to 5,089 points
- AUD/USD at US 70.41 cents
- Iron ore at US$56.06 a tonne, according to the Metal Bulletin
- Gold at US$1,109.43 an ounce
- Brent oil at US$48.21 a barrel
Among the top-200 companies the top performers was Liquefied Natural Gas Ltd (ASX: LNG) which rebounded 5.6% to $1.41, although it's still down 58% over the last six months.
Crown Resorts Limited (ASX: CWN) also gained 3.6%, although it too is down around 21% over the past six months on concerns about the outlook for its joint venture Melco Crown.
Big fallers included CSR Limited (ASX: CSR) as it traded without the rights to its 11.5 cent final dividend, while junior telco M2 Group Ltd (ASX: MTU) also lost 4.9% on trading without the rights to its final 17 cents per share dividend.
Here are Friday's top stories
- Japara Healthcare headed toward record highs after announcing significant expansion plans
- The Foolish writers revealed their top stock picks for October
- Mike King considered whether it's a good idea for income seekers to buy the big banks or not
- It's a holiday weekend! One writer takes a look at the AFL Grand Final and asks which is best, east or west?
