BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) led the Australian ALL ORDINARIES (INDEXASX: XAO)(ASX: XAO) index 0.5% lower on Wednesday to 6,134 points.
Here are the shares which moved the All Ordinaries.
Biggest Gainers
- Sirtex Medical Limited (ASX: SRX) – up 13.9% (Why? Read more here)
- Bellamy’s Australia Ltd (ASX: BAL) – up 5.8% (Why? Read more here)
- a2 Milk Company Ltd (Australia) (ASX: A2M) – up 2.4%
- WiseTech Corporation Limited (ASX: WTC) – up 3.5%
- Medibank Private Ltd (ASX: MPL) – up 1.6%
Biggest Losers
- Rio Tinto Limited – down 3.5%
- Fortescue Metals Group Limited (ASX: FMG) – down 3%
- Yancoal Australia Ltd (ASX: YAL) – down 2.9%
- BHP Billiton Limited – down 2.9%
- Pilbara Minerals Limited (ASX: PLS) – down 5.3%
Amongst the Big Four banks, Westpac Banking Corp (ASX: WBC) was the worst performer, falling 0.6%. Australia and New Zealand Banking Group (ASX: ANZ) shares ended 0.3% lower.
Shares of major mining companies ended sharply lower today following a fifth straight day of declining iron ore futures in China. China is the major consumer of Australian iron ore which together with coal is a key ingredient in steel. Earlier this week Rio Tinto reported its latest quarterly production results.
Shares of infant formula and dairy companies also rallied today following yesterday’s ASX filing by Bellamy’s. Investors warmed to an increase in Bellamy’s forecast profit and higher revenue guidance.
Finally, Sirtex Medical shares jumped following a trading update this morning. Sirtex is now expected to report a 16% increase in operating profit for the half-year ended 31 December 2017.
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