MENU

Here’s what happened to the ASX 200 today

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?

Why retirees LOVE these 5 ASX stocks

Interest rates are low, and staying low. Discover The Motley Fool's top 5 ASX dividend stock ideas for 2016 to get you started building a more diversified income portfolio that is paying you back! Click here to learn more.

The report is free! No credit card required.

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.