The Telstra Corporation Ltd (ASX: TLS) share price weighed heavily on the ASX 200 today. Indeed, the TLS share price fell a whopping 6.6%, ending the session at $4.85 per share.
Here’s a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.1% to 5816 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.1% to 5863 points
- AUD/USD at US 77.1 cents
- Iron Ore at US$91.05 a tonne, according to the Metal Bulletin
- Gold at US$1,235.52 an ounce
- Brent oil at US$55.73 a barrel
Telstra’s share price decline came after a weak first-half earnings result that saw net profit fall 14.4%.
The Wesfarmers Ltd (ASX: WES) share price fell 1.1%, too.
Meanwhile, Bapcor Ltd (ASX: BAP) shares declined 2.9% despite a strong earnings report (and a full-year earnings guidance upgrade), with Hansen Technologies Limited (ASX: HSN) down 7.9% too.
Meanwhile, the Slater & Gordon Limited (ASX: SGH) share price was slammed 25.9%.
The Domino’s Pizza Enterprises Ltd. (ASX: DMP) share price rebounded strongly from yesterday’s heavy decline. The DMP share price lifted 7.7%, with Whitehaven Coal Ltd (ASX: WHC) and Cochlear Limited (ASX: COH) up 5.8% and 4.5%, respectively, as well.
Here are Thursday’s top stories:
- Why the Slater & Gordon Limited share price is getting slammed today
- Why I think the Telstra Corporation Ltd share price could sink further
- 3 great ways to invest globally on the ASX
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Motley Fool contributor Ryan Newman owns shares of Bapcor and Hansen Technologies. The Motley Fool Australia owns shares of Bapcor and Hansen Technologies. 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.