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 0.73% to 5,789.50
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.75% to 5,899.20
  • AUD/USD at US 77 cents
  • Gold at US$1,341.25 an ounce
  • Brent Oil at US$69.64 a barrel

The best result in the ASX200 today came from Graincorp Ltd (ASX: GNC), the food company went up by 2.9% today on no news.

Another top performer was Ausdrill Limited (ASX: ASL) which went up by 2.28% today as investors became more positive on the mining and energy services company.

It was a terrible day for lithium stocks, Orocobre Limited (ASX: ORE) fell by 4.67%, Galaxy Resources Limited (ASX: GXY) dropped by 4.64% and Pilbara Minerals Ltd (ASX: PLS) declined by 3.98%.

The Rio Tinto Limited (ASX: RIO) share price declined by 1.04% after it announced it would sell its Kestrel Mine for US$2.25 billion.

a2 Milk Company Ltd (ASX: A2M) plummeted by 7.52% today with Nestle announcing that it would be coming out with its own a2 protein formula.

The SKY Network Television Limited (ASX: SKT) share price fell by 7% today after it was announced that the CEO would retire in 12 months.

Finally, Billabong International Limited (ASX: BBG) finished the day up by 14.29% after shareholders approved the takeover offer.

Here are some of today’s top stories:

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk. 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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