ALL ORDINARIES finishes lower Wednesday: 9 shares you missed

Credit: Cimexus

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 0.25% to 5,841.20
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.29% to 5,940.00
  • AUD/USD at US 78.8 cents
  • Gold at US$1,335.05 an ounce
  • Brent Oil at US$62.84 a barrel

The ASX indices have given up yesterday’s gains. A lot of companies have reported today, here’s how the market reacted to some of them.

The biggest reaction today was that Domino’s Pizza Enterprises Ltd’s (ASX: DMP) share price fell by 6.06% in response to its disappointing profit report.

CSL Limited (ASX: CSL) delivered yet another impressive report today, the share price gained 5.08% in response to the 35% profit growth.

Another positive reaction was to Insurance Australia Group’s (ASX: IAG) result, the share price rose by 3.16% in response to cash net profit after tax growing by 31.5%.

The Aveo Group (ASX: AOG) share price rose by 3.49% after reporting statutory net profit growth of 23%.

Computershare Limited (ASX: CPU) also reported today, statutory net profit after tax rose by 14%. Management upgraded guidance for the rest of the year, which sent the share price up 4.85%.

The Orora Ltd (ASX: ORA) share price rose by 3.13% today after it reported earnings per share was 14.7% higher than the prior corresponding period.

Myer Holdings Ltd’s (ASX: MYR) share price increased by 1.87% today after its CEO stepped down.

Fletcher Building Limited (ASX: FBU) returned to trading today and promptly plummeted 7.13% after reporting more losses than initially flagged.

Finally, Challenger Ltd (ASX: CGF) fell by 4.06% today after several brokers downgraded their price targets for the annuity provider.

Here are some of today’s top stories:

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Motley Fool contributor Tristan Harrison owns shares of Challenger Limited. The Motley Fool Australia owns shares of and has recommended Challenger Limited. The Motley Fool Australia owns shares of Insurance Australia Group Limited. The Motley Fool Australia has recommended Computershare. 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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