At lunch on Thursday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has continued its poor run and is down a further 0.25% to 6,150.5 points.
Here's what has been happening on the index today:
Banks edge lower.
Westpac Banking Corp (ASX: WBC) shares have given back their morning gains and edged lower at lunch. Fellow bank National Australia Bank Ltd (ASX: NAB) has also dropped lower along with CYBG PLC (ASX: CYB).
Nufarm shares rebound.
The Nufarm Limited (ASX: NUF) share price has bounced back from yesterday's selloff and is up 5.5% at lunch. Investors appear to believe that the crop protection and specialist seed company's shares were oversold on Wednesday following the release of its half year results. Nufarm suspended its dividend and cut it full year guidance.
Eclipx shares continue to sink.
The Eclipx Group Ltd (ASX: ECX) share price has continued its slide and is down a further 7% at lunch on Thursday. The fleet management company's shares have plunged 59% in the space of two days following its trading update and the breakdown of merger talks with McMillan Shakespeare Limited (ASX: MMS).
Gold miners rise.
Australian gold miners including Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) are on the rise on Thursday after the spot gold price pushed higher overnight. The price of the precious metal climbed higher after the U.S. Federal Reserve signalled that it would not increase rates any further in 2019. The S&P/ASX All Ords Gold index is up 0.9% at lunch.
Best and worst performers.
The Nufarm share price is the best performer on the ASX 200 at lunch with its 5.5% gain. Some distance behind is the WiseTech Global Ltd (ASX: WTC) share price which is 2% higher despite there being no news out of the logistics platform provider. Going the other way is the Eclipx share price with its 7% decline. Not far behind is the Emeco Holdings Limited (ASX: EHL) share price which has dropped 5.5% lower.
