It was a topsy-turvy day for local shares, which ultimately ended the session in the red.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.6% to 5080 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.5% to 5129 points
- AUD/USD at US 72.19 cents
- Iron Ore at US$38.80 a tonne, according to the Metal Bulletin
- Gold at US$1,076.89 an ounce
- Brent oil at US$40.80 a barrel
While it was the resources sector that dragged the market lower on Tuesday, it was the banks today.
With the exception of Commonwealth Bank of Australia (ASX: CBA), each of the majors fell for the day. Australia and New Zealand Banking Group (ASX: ANZ) was the biggest casualty, falling 1.5%.
Telstra Corporation Ltd (ASX: TLS) and Wesfarmers Ltd (ASX: WES) also hit the skids, shedding 0.9% and 1.1%, while Rio Tinto Limited (ASX: RIO) lost 0.8%.
Perhaps surprisingly, BHP Billiton Limited (ASX: BHP) regained 0.7% for the day. Santos Ltd (ASX: STO) also gained 5.7%.
Cardno Limited (ASX: CDD) was the market's worst performing share. It lost 7.1% while Mesoblast limited (ASX: MSB) and Slater & Gordon Limited (ASX: SGH) each gained 7.4% and 7.7%.
Here are Wednesday's biggest stories:
