ASX 200 ends session flat: 15 shares you should have been watching

Local shares started the day off strong today, following the lead set by international markets, but the miners dragged the benchmark index lower after iron ore prices plunged overnight.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 5327 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5399 points
  • AUD/USD at US 75.57 cents
  • Iron Ore at US$72.68 a tonne, according to the Metal Bulletin
  • Gold at US$1,230.33 an ounce
  • Brent oil at US$46.92 a barrel

Junior miners Atlas Iron Limited (ASX: AGO) and BC Iron Limited (ASX: BCI) were among the hardest hit, shedding 16.7% and 22.7%.

BHP Billiton Limited (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) also lost 2.3% and 3.8%, while Rio Tinto Limited (ASX: RIO) dropped 3.4%.

The gold miners, on the other hand, mostly produced positive results as the gold price appears to have stemmed its losses. Beadell Resources Ltd (ASX: BDR) gained 6.9% and St Barbara Ltd (ASX: SBM) gained 4.4%.

National Australia Bank Ltd. (ASX: NAB) was the best of the banks, rising 1%, while Telstra Corporation Ltd (ASX: TLS) lifted 0.2%.

Elsewhere in the market, Aconex Ltd (ASX: ACX) continued its descent, slipping another 5.6%. iCar Asia Ltd (ASX: ICQ) also plunged 10.9% following the resignation of two directors.

REA Group Limited (ASX: REA) fell 4% as well, while Thorn Group Ltd (ASX: TGA) plunged 11.9% after its half-year earnings report.

OFX Group Ltd (ASX: OFX) was one of the market’s best performers after yesterday’s plunge. Its shares rose 7.8% while Oil Search Limited (ASX: OSH) rose 3.4%.

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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.

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