Thanks afternoon crew. Ugly session in spec-land. Widespread selling. Not often the performance gap between the top and bottom ends is as wide as it was today. More than 25 stocks suffered declines of at least 20% today. That's not normal. I did some money looking for rebounds that never eventuated. Expensive day at the races. Hope others fared better.
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End-of-day wrap:
A two-speed share market saw speculative stocks sink to two-month lows even as the top end logged solid gains.
The Emerging Companies Index (XEC), a traditional measure of risk appetite, slumped 1.21% to its worst close since late June. The Small Ordinaries also missed the upswing, easing 0.04%.
The riskier end of the market struggled as investors favoured traditional havens. Healthcare was the pick of the sectors as the ASX 200 rallied 45 points or 0.63%. Utilities, gold miners and banks also rose.
US futures nudged higher in Sunday night trade. S&P 500 futures crept up 0.16%.
