The gold miners could come into focus again today after the share prices of businesses such as St Barbara Ltd (ASX: SBM) and Northern Star Resources Ltd (ASX: NST) were hammered on Tuesday.
Here's a quick recap:
- FTSE 100 (UK): up 0.14%
- DAX (Germany): up 0.1%
- CAC 40 (France): up 0.28%
- Dow Jones (USA): down 0.12%
- NASDAQ (USA): down 0.62%
The gold miners suffered as a result of what was actually a relatively small decline in the price of gold on Tuesday. The St Barbara share price plunged 11.2% while the Northern Star Resources share price shed 5%.
The gold price experienced another slight decline overnight, which could bring those miners back into focus. One ounce of the shiny metal is now fetching US$1,250, down from US$1,253 yesterday.
There were a lot of big movers on Tuesday which could also come into focus again today.
The Nanosonics Ltd. (ASX: NAN) share price has been on fire this week and rose another 3.2% on Tuesday. The shares have gained 13.5% since Friday.
Costa Group Holdings Ltd (ASX: CGC) was another big mover, rising 4.4%, while shares of Orocobre Limited (ASX: ORE) and Spotless Group Holdings Ltd (ASX: SPO) both plunged during the session. Investors will be looking for some sort of rebound today.
In other news, Auckland International Airport Ltd (ASX: AIA) released its monthly traffic numbers for January. The airport's Chinese visitor arrivals were up 27.5% compared to January 2016, while it also welcomed a record number of international passengers for the second consecutive month.
Before getting started on your day, be sure to check out these two articles:
