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…
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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
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.
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
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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.