MENU

S&P/ASX 200 closes FLAT Wednesday: 8 shares that moved the market

The S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) ended flat on Wednesday, as the Telstra Corporation Ltd (ASX: TLS) share price and Vocus Group Ltd (ASX: VOC) share price slumped.

Here’s a quick recap of global markets:

  • FTSE 100 (UK): up 0.2%
  • DAX (Germany): down 0.5%
  • CAC 40 (France): up 0.1%
  • Dow Jones (USA): flat
  • NASDAQ (USA): down 0.2%

Here are today’s key stats:

  • ASX 200: flat
  • All Ordinaries (ASX: XAO) (Index: ^AXAO): flat
  • Australian dollar (A$) (AUDUSD): 74.98 cents
  • Gold price: up 1.6%
  • Copper: up 0.3%
  • WTI Crude Oil: up 0.6%
  • Iron ore: $US74.87 a tonne, according to The Metal Bulletin

On the ASX, Telstra shares fell more than 7% while Vocus shares fell over 5%. Shares in the telco companies were sold off following an update from rival TPG Telecom Ltd (ASX: TPM) which said it was successful in acquiring crucial mobile network spectrum. The purchase will see TPG, which also owns iiNet, roll out a 4G network in major Australian cities.

Also in the sea of red, shares of Fortescue Metals Group Limited (ASX: FMG) tumbled 1.8% while Mayne Pharma Group Ltd (ASX: MYX) fell 2.5%.

In positive territory was PUSHPAY FPO NZX (ASX: PPH), Saracen Mineral Holdings Limited (ASX: SAR) and SKY and Space Global Ltd (ASX: SAS) shares were amongst the ASX’s best performers.

Here are today’s top stories:

In 2017, the share market could have its most volatile year ever. That's why one Foolish expert is revealing 5 of his favorite dividend payers now. These "strong and steady" shares promise a healthy stream of income plus capital gains...

But you must act now. This newly updated report is available for a limited time only, and your copy is 100% free. So don't miss out!

Simply click here to receive your free copy of "Our Top 5 ASX Dividend Shares to Earn You Money in 2017" right now.

Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes and encourages your feedback. You can follow him on Twitter @OwenRask.

The Motley Fool Australia has no position in any of the stocks mentioned. 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.

HOT OFF THE PRESSES: My #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

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.