The Motley Fool

ALL ORDINARIES finishes higher Wednesday: 9 shares you missed

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.

The biggest rise in the ASX200 today came from Sirtex Medical Limited (ASX: SRX), the share price rose by an enormous 45.78% on news that it could be acquired in a $1.58 billion deal.

Pharmacy companies Australian Pharmaceutical Industries Ltd (ASX: API) and Sigma Healthcare Ltd (ASX: SIG) also had excellent days today, rising by 4.17% and 4.07% respectively.

Treasury Wine Estates Ltd (ASX: TWE) finished the day up 0.71%, investors were mildly pleased with the company’s half-year report.

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.

Credit Corp Group Limited’s (ASX: CCP) share price has dropped further today after the market digested its half-year report.

Finally, imaging business Nearmap Ltd (ASX: NEA) rose by 4.35% after Morgan Stanley put an impressive price target on the business.

Here are some of today’s top stories:

5 stocks under $5

We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.

And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!

*Extreme Opportunities returns as of June 5th 2020

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.

Related Articles...

Latest posts by Tristan Harrison (see all)