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Australian stocks have fallen for the second day with the All Ords down 105.1 points or 2% to 5117.
Despite this some of the major miners fared a little better with Newcrest () down 0.5% to $11.15 and (ASX:RIO) falling 1.8% to $49.37.
(ASX:FMG) plunged 6% to $1.795 and () is down 2.1% to $24.65.
Market Action here…
() rocketed 83.3% to $0.011 with more than 57 million shares traded after the company panned abundant visible gold from a new outcrop the Zone of its Aucu deposit in the Kyrgyz Republic.
The exceptionally rich mineralised outcrop extends the SGZ to at least 2500 metres with visible gold identified in three locations.
This has the potential to host a large jumbo sized gold resource given the massive deposits in the region.
() is up 14.3% to $0.008 () climbed 12.2% to $0.23 with more than 2.4 million shares traded while Elementos () rose 11.1% to $0.01.
Blue Chip Stocks
Major Banks
ANZ Bank (ASX:ANZ) down 3.1% to $27.07
() down 2.9% to $30.20.
() down 2.5% to $30.40
() is down 2.4% to $73.30
Oil and Gas
Oil Search () down 0.9% to $6.74
() down 8.6% to $4.79
() down 2% to $31.62
Other banks financials and industrials
() down 4.9% to $5.66
() down 3.1% to $12.28
Bendigo and Adelaide Bank () down 4.2% to $10.51
() down 2% to $74.45
Suncorp () down 2.4% to $12.52
() down 1.9% to $5.66
Retailers
JB Hi-FI () down 1.8% to $18.65
() down 1.6% to $40.00
Woolworths () down 3.1% to $25.57
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