ALL ORDINARIES finishes higher Tuesday: 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 higher on Tuesday.

Here’s a short recap of the Australian market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.72% to 5,832.30
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.72% to 5,943.70
  • AUD/USD at US 77 cents
  • Gold at US$1,349.30 an ounce
  • Brent Oil at US$70.31 a barrel

The best result in the ASX200 today came from Western Areas Ltd (ASX: WSA), the resource company went up by 9.3% after it seems that the trade war between the US and China might be averted and also that nickel is expected to go higher over the next couple of years.

Other resource companies were also top performers including Independence Group NL (ASX: IGO) which went up by 5.42% and Orocobre Limited (ASX: ORE) grew by 4.72%.

Fortescue Metals Group Limited (ASX: FMG) dropped by 0.65% after revealing iron ore guidance that was slightly less than the market was hoping for.

The Newcrest Mining Limited (ASX: NCM) dropped by 1.74% today after it gave an update on its Cadia operation. Other gold miners also dropped today in response to the market gaining confidence, for example Northern Star Resources Ltd (ASX: NST) was down by 1.74%.

Finally, growth stocks like Altium Limited (ASX: ALU) and a2 Milk Company Ltd (ASX: A2M) were up 2.5% and 4.82% respectively today.

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Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of A2 Milk and Altium. 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 Scott Phillips.

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