MENU

Here’s what happened to the ASX 200 today

Local shares struggled to gain traction today following yesterday’s monetary policy announcement which saw the country’s cash rate remain unchanged at 1.75%. The miners also pulled their foot off the accelerator with the market finishing mostly flat for the day.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 5370 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5441 points
  • AUD/USD at US 74.62 cents
  • Iron Ore at US$52.54 a tonne, according to the Metal Bulletin
  • Gold at US$1,248.45 an ounce
  • Brent oil at US$51.52 a barrel

Shares of BHP Billiton Limited (ASX: BHP) regained some composure as the session wore on, but still ended the day 1.2% lower. Rio Tinto Limited (ASX: RIO) also fell 1.9%, while Fortescue Metals Group Limited (ASX: FMG) dropped 4%.

The banks also struggled. Australia and New Zealand Banking Group (ASX: ANZ) was the worst of the lot, falling 0.5%.

Meanwhile, Telstra Corporation Ltd (ASX: TLS) shares also fell 1.1%, although Wesfarmers Ltd (ASX: WES) recorded a 1.8% gain.

Liquefied Natural Gas Ltd (ASX: LNG) was again the market’s best performer, lifting an impressive 25%. Estia Health Ltd (ASX: EHE), on the other hand, fell 4.8%.

Here are Wednesday’s top stories:

  1. How Brexit could impact your share portfolio
  2. What on earth is going on with the Liquefied Natural Gas Ltd share price?
  3. McAleese Ltd bites the dust as share price plunges 64%
  4. Why the Webjet Limited share price is soaring today
  5. 3 index funds to buy in June
  6. 3 ASX shares with bigger dividends than Commonwealth Bank of Australia
  7. XERO FPO NZX boosts US growth prospects with Wells Fargo partnership

Why retirees LOVE these 5 ASX stocks

Interest rates are low, and staying low. Discover The Motley Fool's top 5 ASX dividend stock ideas for 2016 to get you started building a more diversified income portfolio that is paying you back! Click here to learn more.

The report is free! No credit card required.

Motley Fool contributor Ryan Newman owns shares of Xero. The Motley Fool Australia owns shares of Xero. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.