Here's what happened to the ASX 200 today

Sky Network Television Ltd (ASX:SKT) shares soared but Amcor Limited (ASX:AMC) faltered.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Local shares fought back this afternoon after trading more than 0.6% lower, although the market still ended the day in the red. It was the banks doing most of the damage with all four of the majors recording a loss for the day.

Here's a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.2% to 5361 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.1% to 5437 points
  • AUD/USD at US 74.66 cents
  • Iron Ore at US$52.10 a tonne, according to the Metal Bulletin
  • Gold at US$1,261.32 an ounce
  • Brent oil at US$52.63 a barrel

While none of the banks provided any support today, it was Australia and New Zealand Banking Group (ASX: ANZ) and Westpac Banking Corp (ASX: WBC) that fell the heaviest. The pair dropped 0.9% each.

Telstra Corporation Ltd (ASX: TLS) and Amcor Limited (ASX: AMC) also acted as a drag on the market, falling 0.7% and 8.1%, respectively.

The miners, on the other hand, did provide some support. BHP Billiton Limited (ASX: BHP) gained 0.4%, while its spin-off South32 Ltd (ASX: S32) rose 4.7%.

The gold miners were even better. St Barbara Ltd (ASX: SBM) soared 7.5%, with Regis Resources Limited (ASX: RRL) also gaining 6.8%.

The best for the day, however, was Sky Network Television Ltd (ASX: SKT). Its share price skyrocketed 20.5%.

Here are Thursday's top stories:

  1. Gold miners go gangbusters on rocketing gold price
  2. Here's why Sky Network Television Ltd shares soared 20% today
  3. Amcor Limited shares sent packing on Venezuelan write downs
  4. Surfstitch Group Ltd revenue crash: Share price under pressure
  5. Why the Lovisa Holdings Ltd share price soared today
  6. Is Commonwealth Bank of Australia facing an ASIC investigation of its own?
  7. Up 454%: Are Catapult Group International Ltd shares still a buy?
Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »