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ALL ORDINARIES finishes lower Wednesday: 8 shares you missed

fall, tumble, down

Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Wednesday.

Here’s a quick recap of the Aussie market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.9%
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.8%
  • AUD/USD at US 78.58 cents
  • Gold at US$1,274 an ounce, down 0.1%
  • Oil at US$50.18 a barrel, down 0.8%

Leading the market lower were shares of APA Group (ASX: APA), the gas pipeline giant, and GPT Group (ASX: GPT), the property business. Neither company released a market-sensitive announcement but fell more than 2%.

Bendigo and Adelaide Bank Ltd (ASX: BEN) and Australia and New Zealand Banking Group (ASX: ANZ) were also heavily discounted by the market.

Further down the market, Pact Group Ltd (ASX: PGH) and Harvey Norman Holdings Ltd (ASX: HVN) fell more than 3% despite no news.

At the other end of the ASX’s performance table were shares of QBE Insurance Group Ltd (ASX: QBE) which bounced back 2.75% following recent selling pressure caused by a trading update.

In the mid-cap space, shares of a2 Milk Company Ltd (Australia) (ASX: A2M) rose another 5%. Shares of the dairy company have now rallied an eye-popping 208% in 2017.

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 owns shares of A2 Milk. 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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