ALL ORDINARIES finishes lower Wednesday: 8 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 0.68% to 6,016.00
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.68% to 6,117.30
  • AUD/USD at US 77.9 cents
  • Gold at US$1,318.70 an ounce
  • Brent Oil at US$66.32 a barrel

The market fell today after the new boss of the Federal Reserve said it would press on with interest rate rises.

A lot of companies have reported today, here’s how the market reacted to some of them.

Ramsay Health Care Limited (ASX: RHC) reported another set of growth figures but the market was expecting more, so the share price has dropped by 5.75% today.

Another major disappointment for the market was Harvey Norman Holdings Limited (ASX: HVN), its share price fell 12.45% after reporting that profit dropped by 19%.

Investors thought the Bega Cheese Ltd (ASX: BGA) result was a bit off and sent the share price down by 6.41% even though it reported a higher price.

Adelaide Brighton Ltd (ASX: ABC) did not build investor’s confidence with its report, its share price dropped 5.87% today.

Bubs Australia Ltd (ASX: BUB) was another to report today, it showed impressive revenue growth but its share price dropped 12.63%.

The GetSwift Ltd (ASX: GSW) share price dropped by 11% after reporting a bigger loss than last year.

Technology wholesaler Dicker Data Ltd (ASX: DDR) fell by 1.4% today after reporting an increase to its profit of 5.1%.

Finally, Wattle Health Australia Ltd (ASX: WHA) fell by 7.58% today after reporting that revenue actually fell compared to the prior corresponding period.

Here are some of today’s top stories:

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Motley Fool contributor Tristan Harrison owns shares of Ramsay Health Care Limited. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia has recommended Ramsay Health Care 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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