ASX 200 drops: 10 shares you should have been watching

The Reserve Bank of Australia elected to keep interest rates on hold at 1.5% today, which may have weighed on the market slightly in the afternoon. Local shares ended the day lower, although they’re still sitting in the black for the week so far.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.3% to 5413 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.3% to 5510 points
  • AUD/USD at US 76.24 cents
  • Iron Ore at US$59.24 a tonne, according to the Metal Bulletin
  • Gold at US$1,326.43 an ounce
  • Brent oil at US$47.72 a barrel

While they provided the fuel for Monday’s rally, the banks mostly weighed on today’s performance. Commonwealth Bank of Australia (ASX: CBA) shares fell 0.8% and Westpac Banking Corp (ASX: WBC) lost 0.3%.

The miners, on the other hand, continued to rise. BHP Billiton Limited (ASX: BHP) jumped another 1.1%, while South32 Ltd (ASX: S32) lifted 3.9%.

Perhaps surprisingly, gold miners weren’t so strong, despite a lift in the gold price overnight. Newcrest Mining Limited (ASX: NCM) and Beadell Resources Ltd (ASX: BDR) fell 2% and 4.9%, respectively.

Estia Health Ltd (ASX: EHE) recovered 5.4% following yesterday’s meltdown. Japara Healthcare Ltd (ASX: JHC) also rebounded 6%, while Regis Healthcare Limited (ASX: REG) was up 3.5%.

Whitehaven Coal Limited (ASX: WHC) was one of the market’s best for the day, rising 8.5%. Medibank Private Ltd (ASX: MPL), on the other hand, fell 3.3%.

Here are Tuesday’s top stories:

  1. Motley Fool Pro is now open. Please RSVP
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Motley Fool contributor Ryan Newman owns shares of Retail Food Group Limited. The Motley Fool Australia owns shares of Retail Food Group Limited. 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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