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ALL ORDINARIES finishes lower Tuesday: 7 shares you missed


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 0.5%
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.5%
  • AUD/USD at US 78.18 cents
  • Gold at US$1,273 an ounce, down 0.9%
  • Oil at US$50.55 a barrel, down 2.2%

Leading the market lower were shares of QBE Insurance Group Ltd (ASX: QBE) and South32 Ltd (ASX: S32) which fell 3.5% and 2.3%, respectively.

QBE, the general insurer, announced an increase to its individual risk and catastrophe claims allowance. After the devastating events in the US and Mexico, the company estimates a $600 million impact on its 2017 earnings.

South32 did not release any material news to the market.

Amongst the banks, Commonwealth Bank of Australia (ASX: CBA) shares fell 1.5% despite no news.

Further down the market, Technology One Limited (ASX: TNE) shares slid 10% following a trading update in which it downgraded its profit growth forecasts.

At the other end of the market, Macquarie Group Ltd (ASX: MQG) shares advanced 1%. Meanwhile, Galaxy Resources Limited (ASX: GXY) and Healthscope Ltd (ASX: HSO) ended 5% higher.

Here are today’s top stories:

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Motley Fool contributor Owen Raszkiewicz has no position in any of the stocks mentioned. You can follow Owen 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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