MENU

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:

Don’t Buy A SINGLE Stock Until You Read This

While conflict overseas is all media talking-heads seem to mention these days, the billionaire founder of Tesla is losing sleep over what he sees as a far bigger threat.

Elon Musk Warns: This has “vastly more risk than North Korea”

If you missed your opportunity to get in on Google, Microsoft, or Amazon in their early days, don't let it happen again. This emerging technology trend could offer a second chance for anyone who wishes they took part in these millionaire-maker stocks.

Click here to discover more!

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.