ASX 200 battered on Tuesday: 11 shares you should have been watching

It was Virtus Health Ltd's (ASX:VRT) turn in the spotlight today

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The local share market was hit again today, extending on yesterday's losses as another widely-held business succumbed to the market's wrath. That said, the main bourse did manage to recover some of its losses as the session wore on.

Here's a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.7% to 5620 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.7% to 5675 points
  • AUD/USD at US 75.66 cents
  • Iron Ore at US$83.34 a tonne, according to the Metal Bulletin
  • Gold at US$1,202.60 an ounce
  • Brent oil at US$55.28 a barrel

Virtus Health Ltd (ASX: VRT) issued a disappointing trading update this morning, reporting ongoing weakness in IVF cycle volumes. Its shares fell 17.7%.

Aconex Ltd (ASX: ACX) shares also fell another 2.6% after yesterday's downgrade, although Servcorp Ltd (ASX: SRV) recovered 4.1% after its own Monday meltdown.

Collections business Credit Corp Group Ltd (ASX: CCP) slipped 3% with investors not satisfied by its 19% increase in earnings. That said, its rival Collection House Limited (ASX: CLH) also tumbled 6.5% on the news.

Meanwhile, Liquefied Natural Gas Ltd (ASX: LNG) fell another 1.7% and Syrah Resources Ltd (ASX: SYR) dropped 6.1%.

Many of the blue chips were also under fire today. BHP Billiton Limited (ASX: BHP), for instance, dropped 2.6% and Australia and New Zealand Banking Group (ASX: ANZ) shed 0.9%.

There wre some positives, however. Bellamy's Australia Ltd (ASX: BAL) rebounded 5% for the day, while Fortescue Metals Group Limited (ASX: FMG) rose 2.8%.

Here are Tuesday's top stories:

  1. Why Virtus Health Ltd shares are being SLAMMED on its trading update
  2. Is Freelancer Ltd a gangbusters growth stock?
  3. Sirtex Medical Limited facing more trouble with proposed compensation claims
Motley Fool contributor Ryan Newman owns shares of Bellamy's Australia. The Motley Fool Australia owns shares of ACONEX FPO. 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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »