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:

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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.

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