S&P/ASX 200 sinks: 10 stocks you should have been watching

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) tumbled 0.8% on Wednesday, following a dip in commodity prices overnight as the final day of reporting season closes.

Here’s a quick recap:

  • S&P/ASX 200 down 0.8% to 5,433 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.8% to 5529.40 points
  • AUD/USD at US 75.12 cents – down slightly
  • Iron Ore at US$59.31 a tonne, according to the Metal Bulletin
  • Gold down 0.8% to US$1,313.20 an ounce
  • Brent crude oil dropped 1.8% to US$48.39 a barrel

Echoing the falls in commodities South32 Ltd (ASX: S32) and BHP Billiton Limited (ASX: BHP) fell 3.8% and 3.2% respectively to $1.92 and $20.43.

In the top 200, broadcaster Southern Cross Media Group Ltd (ASX: SXL) was the biggest riser gaining 4.8% to $1.515, while gold miner St Barbara Ltd (ASX: SBM) was the biggest loser, sinking 6.9% to $2.83.

Bargain hunters jumped into Surfstitch Group Ltd (ASX: SRF) with the share price soaring more than 23% to 13 cents, following yesterday’s 56% fall to 10 cents. Vita Group Limited (ASX: VTG) roared 10.5% higher to $4.84 following a strong profit result.

Under fire law firm Slater & Gordon Limited (ASX: SGH) saw its share price crunched down 11.6% to 42 cents, while Australia and New Zealand Banking Group (ASX: ANZ) posted a gain of 1.4% to $26.90, leading the gains on the ASX 20.

Here are today’s top stories:

  1. Harvey Norman Holdings Limited shares go nuts
  2. Here’s why Vita Group Limited shares have gone gangbusters today
  3. Atlas Iron Limited posts $159 million loss, should you sell?
  4. Independence Group NL shares slammed on full year loss, is it time to sell?
  5. Why investors don’t need to own BHP Billiton Limited shares
  6. Australian Ethical Investment Limited profit rockets, is it a buy?


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Motley Fool writer/analyst Mike King owns shares in Vita Group. You can follow Mike on Twitter @TMFKinga

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.

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