The local share market was hammered today with shares dragged lower thanks, in part, to a plunging oil price.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.8% to 5,464 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.7% to 5,532 points
- AUD/USD at US 74.76 cents
- Iron Ore at US$79.61 a tonne, according to the Metal Bulletin
- Gold at US$1,192.84 an ounce
- Brent oil at US$47.14 a barrel
BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) weighed on the broader market today, despite a strong lift in the price of iron ore. The pair fell 2.6% and 1.2%.
Australia and New Zealand Banking Group (ASX: ANZ) and National Australia Bank Ltd. (ASX: NAB) also acted as a drag, falling 1.3% each, while all four banks ended the session in the red.
Retail business Metcash Limited (ASX: MTS) produced a better performance, lifting 4.3%. Mesoblast limited (ASX: MSB) climbed 4.1% as well, while Regis Resources Limited (ASX: RRL) and Silver Lake Resources Limited. (ASX: SLR) gained 2.9% and 4.9%, respectively.
Vita Group Limited (ASX: VTG) shares were hammered 16.9%, reversing the strong gain achieved on Friday last week.
A number of energy businesses were among the market's worst performers today. Santos Ltd (ASX: STO) fell 2.6% and Oil Search Limited (ASX: OSH) dropped 3%.
Amcor Limited (ASX: AMC) fell 3.9% as well, while Greencross Limited (ASX: GXL) dropped 2.9%.
Here are Monday's top stories:
- Sirtex Medical Limited flags Histone program as multi-billion dollar opportunity
- How to profit from volatility in the sharemarket today
- Why beer company Broo Ltd has rocketed 20% today
- The iron ore price could go to US$90 a tonne
- Strong auction clearance rates continue
- Thorn Group Ltd could face government crackdown
- Why the Metcash Limited share price soared 8% today