The ASX 200 snapped its five-day winning streak today despite a strong opening. Although a number of companies' share prices soared, others disappointed the market with their most recent earnings results.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.1% to 5755 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5810 points
- AUD/USD at US 76.71 cents
- Iron Ore at US$92.23 a tonne, according to the Metal Bulletin
- Gold at US$1,226.07 an ounce
- Brent oil at US$55.76 a barrel
The Aconex Ltd (ASX: ACX) share price rocketed another 8.5% today with its shares up around 42% since their recent low.
The Nick Scali Limited (ASX: NCK) share price soared 9.6% as well after the furniture retailer reported a massive 44.7% increase in its first-half net profit compared to the same period last year.
South32 Ltd (ASX: S32) was strong as well, its share price rising 4.3%, while the Fortescue Metals Group Limited (ASX: FMG) share price closed flat for the day. Rio Tinto Limited (ASX: RIO) gained 0.3%.
Meanwhile, the Bubs Australia Ltd (ASX: BUB) share price also soared 6.5% on a positive business update.
Unfortunately, some shares didn't perform so well.
Cochlear Limited (ASX: COH) and Treasury Wine Estates Ltd (ASX: TWE) shares both fell after the pair released their earnings results today. The COH share price dropped 3.6% while the TWE share price closed 4.7% lower.
The Challenger Ltd (ASX: CGF) share price also slipped 2.2% although it reported an 8% increase in its normalised net profit for the first-half of financial year 2017.
Here are Tuesday's top stories:
