Major Australian resource stocks were sold off across the board today, with only five of the top 20 stocks by market capitalisation ending the day higher.
There were a few diamonds in the rough, with Iluka Resources (ASX: ILU) gaining some investor friends and adding 3.7% to $17.62.
The other well supported stock was Mount Gibson Iron (ASX: MGX) which added 2.0% to $1.78.
Increasing by less than one per cent on the day included Lynas Corporation $2.05 (ASX: LYC), Gloucester Coal $8.22 (ASX: GCL) and Fortescue Metals Group $6.30 (ASX: FMG).
Investors continue to take the knife to uranium producer Paladin Energy $2.49 (ASX: PDN) with the stock losing another 4.6%. The company is now around a quarter of the all time high reached a couple of years ago.
Other major resource stocks sold off by more than one per cent included Atlas Iron $3.60 (ASX: AGO), Alumina $2.18 (ASX: AWC), Macarthur Coal $10.94 (ASX: MCC), Santos $13.85 (ASX: STO), Newcrest Mining $37.00 (ASX: NCM), OZ Minerals $13.54 (ASX: OZL) and Aurora Oil & Gas $3.26 (ASX: AUT).
Falling slightly by less than one per cent included Resolute Mining $1.11 (ASX: RSG), New Hope Corporation $5.09 (ASX: NHC), Equinox Minerals $7.80 (ASX: EQN), Woodside Petroleum $43.34 (ASX: WPL), BHP Billiton $42.89 (ASX: BHP), Rio Tinto $80.08 (ASX: RIO) and Oil Search $6.82 (ASX: OSH).
Of the resource focused indices, the S&P/ASX 200 Materials fell 0.4% and S&P/ASX 200 Energy lost 0.7%.
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