Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Tuesday.
Here’s a quick recap of the Aussie market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.8%
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.7%
- AUD/USD at US 76.12 cents
- Gold at US$1,245 an ounce, down 0.9%
- Oil at US$44.33 a barrel, down 1.4%
Amongst the companies diving into the red, each of the major banks fell on news that credit ratings agency, Moody’s, downgraded them over housing market fears.
- Commonwealth Bank of Australia (ASX: CBA) – down 0.7%
- Australia and New Zealand Banking Group (ASX: ANZ) – down 1.3%
- Westpac Banking Corp (ASX: WBC) – down 1.8%
- National Australia Bank Ltd. (ASX: NAB) – down 1.1%
Also seeing red were shares of Westfield Corp Ltd (ASX: WFD), the global arm of Westfield Shopping Centres. Origin Energy Ltd (ASX: ORG) and Newcrest Mining Ltd (ASX: NCM) shares also closed sharply lower following the overnight selloff in commodity prices.
Performing strongly today was shares of Reece Ltd (ASX: REH), the plumbing business; Independence Group NL (ASX: IGO), a mining company; and accounting software company, XERO FPO NZX (ASX: XRO). None of the companies released material news to the market.
Here are today’s top stories:
- How to read my articles + 1 ASX share I bought in May
- Why you shouldn’t bank on Telstra Corporation Ltd’s dividends
- What is the share price?
- Is the Woolworths Limited share price a buy?
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
The Motley Fool Australia owns shares of National Australia Bank Limited, Telstra Limited, and 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.
- ALL ORDINARIES finishes higher Monday: 10 shares you missed – October 30, 2017 4:44pm
- Are these the secrets behind Australia’s best ASX investors? – October 30, 2017 3:43pm
- My Aussie Share Market Investing Do’s of 2017/2018 – October 30, 2017 1:13pm