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 0.25% to 6,037.70
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.18% to 6,146.50
- AUD/USD at US 80.7 cents
- Gold at US$1,341.49 an ounce
- Brent Oil at US$68.46 a barrel
The ASX indices have risen nicely today, inching away from the 6,000 barrier.
Today wasn’t a good day for energy and resource companies. The Beach Energy Ltd (ASX: BPT) share price was down 4.06% with the oil price down slightly. Lithium miners Pilbara Minerals Ltd (ASX: PLS) and Galaxy Resources Limited (ASX: GXY) are down 4.06% and 3.21% respectively on rumours that the lithium market could be oversupplied in the near future.
Here are some of today’s top stories:
- Sirtex Medical Limited Board recommends takeover proposal
- ASIC slams financial planners. Are you being dudded?
- Revealed: Getswift Ltd reports revenues up 20% but cash receipts fall
- Credit Suisse warns these stocks will suffer in a “Bondcano” market meltdown
- Treasury Wine Estates Ltd delivers 37% profit growth: Should you invest?
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. The Motley Fool Australia has recommended Treasury Wine Estates 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.