ASX 200 falls sharply: 11 shares you should have been watching

The local market followed international equities lower today, almost reversing the gains achieved during yesterday’s session. The losses were broad with most of the market’s biggest companies ending the day in the red.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.3% to 5498 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.3% to 5574 points
  • AUD/USD at US 74.78 cents
  • Iron Ore at US$57.17 a tonne, according to the Metal Bulletin
  • Gold at US$1,327.30 an ounce
  • Brent oil at US$46.28 a barrel

The banks were a weight on the market. Australia and New Zealand Banking Group (ASX: ANZ) and National Australia Bank Ltd. (ASX: NAB) were hit the hardest, losing 0.4% and 0.7%.

The miners started the day on top but eventually sacrificed their gains. Rio Tinto Limited (ASX: RIO) fell 0.4% while BHP Billiton Limited (ASX: BHP) gained a mere 0.2%.

Shares of Coca-Cola Amatil Ltd (ASX: CCL) fell sharply. They lost 3.2% following an analyst downgrade.

Aconex Ltd (ASX: ACX) and Metcash Limited (ASX: MTS) also fell for the day, shedding 0.8% and 3.8%.

But that was nowhere near as bad as Asaleo Care Ltd (ASX: AHY), whose shares plunged 29.7% after a poor earnings result.

The gold miners, on the other hand, had a field day (excuse the pun). EVOLUTION FPO (ASX: EVN) rose 4.5% while Independence Group NL (ASX: IGO) rose 8.7%.

Liquefied Natural Gas Ltd (ASX: LNG) recorded a strong gain as well, lifting 5.7%.

Here are Friday’s top stories:

  1. Here’s why Asaleo Care Ltd shares are being annihilated today
  2. The top 10 mid cap stocks to add to your watchlist
  3. Another retail disappointment: Asaleo Care Ltd share price smacked
  4. Why brokers have upgraded these 3 growth shares
  5. 4 ways to profit from the rise of the Chinese middle class
  6. Why shares of Gage Roads Brewing Co Limited are soaring today
  7. Here’s why EVOLUTION FPO and the gold miners are soaring today

Discover How 1 Man Turned $10K Into Over $8 Million

Discover how one man turned a modest $10,600 investment into an $8,016,867 fortune. Learn more about this man and how you can start down the path toward financial independence. Simply click here to learn more.

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.