The ASX200 closed down 0.87% at 8283 points to finish the week.
The bourse’s losses accumulated throughout the day, as investors remain nervous about the strength of the Chinese economy.
All sectors finished in the red and Utilities was the worst performer, down 3.48%, followed by Real Estate, down 1.96% and Discretionary, down 1.89%.
In the Green
Company 1
Talga Group (ASX:TLG) closed up 6.67% on news of approval of its exploitation concession for its natural graphite mine in northern Sweden.
Talga Group closed at 40 cents.
Clarity Pharmaceuticals (ASX:CU6) finished up 4.15% after broker Bell Potter reaffirmed its speculative buy rating and $10.00 price target.
Clarity Pharmaceuticals closed at $6.78.
BSA (ASX:BSA) closed up 12.37% on its quarterly report. Revenue came in 35% higher year over year at $77 million and EBITDA jumped 48% to $6.5 million.
BSA wrapped up the week at $1.09.
In the Red
Flight Centre (ASX:FLT) closed down20.44% after releasing a trading update which investors found lacking in clarity.
Flight Centre closed at $17.20.
APA (ASX:APA) shares dropped 6.28% after its main shareholder Unisuper sold $500 million worth of shares late yesterday.
APA closed at $7.16.
Alcoa (ASX:AAI) closed down 7.45% one day after dropping its Q3 results. The company had a lift in adjusted net income to $130 million – a $100M increase quarter over quarter.
Alcoa closed at $61.16.