Company updates were behind the extreme moves in the ASX today. Bottom of the ladder was Regis Resources, closing down over 14% thanks to lower production guidance. Top of the pops was Uniti, adding 9% as the bidders line up, while Goodman Group added 4%. Fortescue’s latest acquisition didn’t save the share price, closing down nearly 2% ahead of tomorrow’s quarterly update. BHP’s positives of iron ore approaching $140/t and a larger share of the index didn’t save it either, closing down 1.3%. South32 had a rocky ride, down 7% in early trade after its update dropped, but losses were pared back by the close. All in all, a sombre start, the ASX200 closing down 36 points or 0.5%.

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