Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Tuesday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.36% to 5,974.70
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.40% to 6,077.10
- AUD/USD at US 79 cents
- Gold at US$1,324.60 an ounce
- Brent Oil at US$64.96 a barrel
The ASX indices have dropped today, partly due to news of Labor's franking credit change.
Some of the biggest gains today have been generated by the lithium mining companies. Galaxy Resources Limited (ASX: GXY) grew by 3.56%, Orocobre Limited (ASX: ORE) went up by 0.85% and Pilbara Minerals Ltd (ASX: PLS) rose by 1.68%.
a2 Milk Company Ltd (ASX: A2M) went up by a further 2.67% as investors continue to be excited by the milk company.
The GWA Group Ltd (ASX: GWA) share price rose by 2.55% on no news today, nonetheless it was one of the ASX200 top performers.
Australian Agricultural Company Ltd (ASX: AAC) went by down by 4.15% as rumours swirl of a potential takeover.
Gold miner Resolute Mining Limited (ASX: RSG) declined by 3.67% today. The Newcrest Mining Limited (ASX: NCM) share price also went down by 1.94%.
Finally, Beach Energy Ltd (ASX: BPT) went down by 3.41% as the oil price declined.
Here are some of today's top stories:
- What the Labor franking credit change means for retirees
- The Sydney Airport Holdings Pty Ltd share price is facing a new headwind
- Aurizon Holdings Ltd responds to QCA's imposed profit cut
- Morgan Stanley thinks robots can repower the Domino's Pizza Enterprises Ltd. share price
- Can Ripple (XRP) disrupt the Commonwealth Bank of Australia and OFX Group Ltd?
