The ASX 200 retreated today, reversing some of the gains achieved over the past two sessions.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.2% to 5763 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.1% to 5796 points
- AUD/USD at US 76.16 cents
- Iron Ore at US$54.43 a tonne, according to the Metal Bulletin
- Gold at US$1,264.40 an ounce
- Brent oil at US$47.00 a barrel
The Galaxy Resources Limited (ASX: GXY) and Orocobre Limited (ASX: ORE) were again amongst the market's worst performing shares, shedding 11.7% and 5.2% respectively. That was after the pair already fell 8.6% and 2.9% on Wednesday.
The Nine Entertainment Co Holdings Ltd (ASX: NEC) share price gave back its gains today, as well, after its rival Ten Network Holdings Limited (ASX: TEN) entered voluntary administration. The Nine Entertainment share price slipped 5.5%.
Other companies that also endured heavy falls today include the Brickworks Limited (ASX: BKW) share price, down 5.5%, Santos Ltd (ASX: STO) share price, down 4.7%, and Resolute Mining Limited (ASX: RSG) share price, down 4.5%.
The miners were impacted by a fall in the oil price and the gold price. The BHP Billiton Limited (ASX: BHP) share price declined 2.9%.
Bellamy's Australia Ltd (ASX: BAL) was the market's biggest winner for the day, jumping 12.9% after it emerged from a trading halt. The company recently announced a new acquisition and a capital raising.
Here are Thursday's top stories:
