The S&P/ASX 300 (Index: ^AXKO) (ASX: XKO) was hammered today, closing down 1.4%, with a global tantrum mostly to blame. The European Central Bank disappointed investors by not relaxing monetary policy by as much as the market had hoped, which saw markets in Europe and the US heavily down overnight.
These 6 companies saw their share prices hammered, falling more than 5%…
Atlas Iron Limited (ASX: AGO) saw its share price sink 5.3% to $0.02 while Mount Gibson Iron Limited’s (ASX: MGX) share price also dropped 5.3% to $0.18. 5 days of steadily falling spot iron ore prices will do that to junior miners’ share prices.
Iron ore is currently sitting at US$40.75 a tonne, and as we warned earlier this week, the commodity is in freefall with little to stop it, and we could easily see a price with a 2 or 3 in front of it as we noted here.
Aged care providers were taken out the back by investors and given a beating today. Estia Health Ltd (ASX: EHE) saw its share price sink 6.4% to $7.17, Regis Healthcare Ltd (ASX: REG) saw its share price drop 6.3% to $5.63 and Japara Healthcare Ltd’s (ASX: JHC) share price fell 5% to $3.06. Nothing specific appears to be a problem, but I have a nagging feeling that the government may set its sights on the cost to the government of the aged care sector, following a review of the Medical Benefits Schedule (MBS) scheme.
Rent.com.au Ltd (ASX: RNT) share price dropped 10.4% to $0.43. Rent.com.au saw its share price soar earlier this week, rising 18.3% to 55 cents. Today’s selloff comes on the back of an update to the market, which may have disappointed shareholders. For one, growth in the number of unique visitors fell after growing in each of the past six months. That might suggest further growth in traffic might be harder to get.
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