The ASX 200 was hit hard on Tuesday, but the Retail Food Group Limited (ASX: RFG) share price did manage to bounce back after yesterday's decline.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.5% to 5667 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.5% to 5708 points
- AUD/USD at US 74.91 cents
- Iron Ore at US$55.90 a tonne, according to the Metal Bulletin
- Gold at US$1,284.47 an ounce
- Brent oil at US$49.24 a barrel
The Retail Food Group share price was slammed on Monday following the release of a bearish report from UBS. However, the company's management team provided a response this morning that helped to ease some of the market's concerns, which saw the shares rise 3.2%. It was the top-performing share within the ASX 200.
The Whitehaven Coal Ltd (ASX: WHC) share price also rose 3.2%, and the St Barbara Ltd (ASX: SBM) share price gained 3.1%.
Conditions were pretty ugly elsewhere. The banks ended the session in the red once again, with Westpac Banking Corp (ASX: WBC) down 1.4% and the Commonwealth Bank of Australia (ASX: CBA) share price down 1.5%.
The BHP Billiton Limited (ASX: BHP) share price shed another 1.4% as well, with Fortescue Metals Group Limited (ASX: FMG) down 0.8%.
Flight Centre Travel Group Ltd (ASX: FLT) was one of the worst performers on the market, its shares declining 4%. The Aconex Ltd (ASX: ACX) share price shed 4.8% too.
Here are Tuesday's top stories: