Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Wednesday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.15% to 6,070.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.15% to 6,175.30
- AUD/USD at US 78.2 cents
- Gold at US$1,318.20 an ounce
- Oil at US$60.30 a barrel
One of the biggest movers of the day was Pushpay Holdings Ltd (ASX: PPH) which finished the day up by 4.74% because of a positive trading update. The company achieved its annual committed revenue target of US$100 million ahead of schedule.
The biggest rise in the ASX200 belonged to copper-gold producer Sandfire Resources NL (ASX: SFR) which rose by 3.69%. Copper has gone on a good run since the start of December and gold is also steadily rising.
In-fact, today was a great day for other commodity-related businesses with Independence Group NL (ASX: IGO), Lynas Corporation Ltd (ASX: LYC), Fortescue Metals Group Limited (ASX: FMG) and Western Areas Ltd (ASX: WSA) which were all up more than 3%.
The biggest fall in the ASX200 belonged to the shares of CYBG PLC CDI 1:1 (ASX: CYB) which fell by 2.41% today.
Here are some of today’s top stories:
- Why these lithium miners are closing in on record highs
- Why 10% of my portfolio is in Altium Limited shares
- Why this top fund manager won’t touch bank stocks like Commonwealth Bank of Australia
- Will Amazon.com buy Target from Wesfarmers Ltd in 2018?
- Why the Yowie Group Ltd share price collapsed 35% today