Investors bought into small business software company, Xero (XRO), sending the price 6.9% higher. You may wish to obtain financial advice from a suitably qualified adviser before making any decision to acquire a financial product. But despite these announcements, the value of the top 200 companies on the ASX fell 13.04% over the week to close at 4,817 points. Fill in the form below. In its biggest fall in 4 months, the S&P/ASX 200 closed ... sharp falls in share prices. Australia's ASX 200 lost 7.3% – its biggest daily drop since 2008, though it rebounded later in the day. Thanks for visiting Canstar, Australia’s biggest financial comparison site*. It could have dived twice that amount if it were not for a late surge on Friday afternoon. Follow Canstar on Facebook and Twitter for regular financial updates. Fortescue is an ASX-listed iron ore producer and exploration company in Western Australia. By submitting your details you will deal directly with an Aussie mortgage broker and not with Canstar. By signing in, I am subscribing to receive Canstar's Rate Checker The Flight Centre Travel Group Ltd (ASX: FLT) share price is trading lower on Tuesday despite some positive news out of the travel agent giant. It is not personal advice. The shares rose 0.2% in the month and 2.16% for the quarter – but was clipped by the near 10% slide on Tuesday. ... Zip share price drops 15% amid BNPL regulatory uncertainty. Canstar is an information provider and in giving you product information Canstar is not making any suggestion or recommendation about a particular product. Coles ended in a similar position – a gain that would have been more but for the slump on Tuesday. Prices have dropped, but iron ore prices are still at 2011 levels But the November announcement made the insurance company's share price drop to its lowest since May 2019. Prices taken as of week to week close. Telstra announced that its total income decreased by 5.9% to $26.2 billion. Since August 1st, Kazia Therapeutics has announced US Food & Drug Administration fast track status for one program & orphan drug and rare paediatric disease designation for another, while finishing the period by announcing a new trial for its cancer drug, paxalisib. ASX Indices. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. The S&P/ASX 100 (XTO) represents Australia's large and mid-cap securities. That would have been higher but for the 5.1% drop in Tuesday’s volatile session that ended with the market down 2%. TER has upside on management’s record of delivering new projects from currently controlled development assets and/or by opportunistically securing acquisitions. Australian share price movements This chart is comprised of quarter end index levels for the ASX All Ordinaries Share Price Index chart. Practically every sector bar supermarkets, took a pounding. Industrials were also down almost 15% (14.61%) amid lower international trade. Just like yesterday, and last week. This week, the Australian market is expected to continue watching its overseas counterparts and expected interest rate cuts from China. For more information please see How We Get Paid. The shares ended up 21.5% for March and 22.5% for the quarter, meaning a 46% relative outperformance to the rest of the ASX 200. With the oil price and volume war sending global prices plunging, local oil stocks naturally took hiding – Woodside lost 35% for March and 47% for the quarter, Santos shares slumped 51% and 58% respectively. By signing up, I agree to Canstar's Please ensure you have entered a correct e-mail address. He has worked at Maxwell Newton Publications, Queensland Newspapers, AAP, The Australian Financial Review, The Nine Network and Crikey. F Share T Tweet B Mail Q SMS L LinkedIn W WhatsApp G J Tumblr. Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786. Credit services for Aussie Select, Aussie Activate and Aussie Elevate products are provided by AHL Investments Pty Ltd ACN 105 265 861 ("Aussie") and its Updated March 12, 2020 — 4.32pm first published at 8.40am. The ramifications for businesses and trade are already starting to hit hard. At time of writing, Fortescue Metals Group Ltd [] shares are trading at $17.36, down 8% from yesterday. Fortescue shares were up 5.6% in March but lost 6.4% for the quarter. These assets appear undervalued compared to our Base Case $0.27/share NPV valuation of TER. It means the market has lost almost a quarter of its value since hitting a peak last month.