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ALL ORDINARIES finishes lower Wednesday: 10 shares you missed

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 short recap of the Australian market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.64% to 6,096.70
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.57% to 6,205.90
  • AUD/USD at US 78.3 cents
  • Gold at US$1,320.60 an ounce
  • Oil at US$63.41 a barrel

The top performance in the ASX200 today was closely fought between Magellan Financial Group Ltd (ASX: MFG) and Platinum Asset Management Limited (ASX: PTM), rising by 4.69% and 4.55% respectively. Magellan was upgraded in a recommendation by a broker.

Altium Limited (ASX: ALU) has continued its ascent towards $14 by rising 1.69% to $13.87. Investors are getting very excited about the business’ potential due to the ‘Internet of Things’ growth.

The gold miners didn’t have a good day today after the gold price decreased again over the last 24 hours. Newcrest Mining Limited (ASX: NCM) fell by 2.33%, Evolution Mining Limited (ASX: EVN) declined by 1.97% and Northern Star Resources Ltd (ASX: NST) dropped by 2.99%.

The worst performers in the ASX200 all fell by more than 5%. Macquarie Atlas Roads Limited (ASX: MQA) went down 5.62%, HT&E Ltd (ASX: HT1) dropped 5.45%,the Pact Group Holdings Ltd (ASX: PGH) declined by 5.06% and Syrah Resources Ltd (ASX: SYR) fell by 5.03%.

Here are some of today’s top stories:

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Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of Altium and Platinum Investment Management Limited. 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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