MENU

ALL ORDINARIES finishes higher Wednesday: 8 shares you missed

Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Wednesday.

Here’s a short recap of the Australian market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.26% to 6,108.00
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.34% to 6,204.40
  • AUD/USD at US 74 cents
  • Gold at US$1,308.64 an ounce
  • Brent Oil at US$76.49 a barrel

The big news of the day was Commonwealth Bank of Australia (ASX: CBA) reporting its third quarter profit. The market seemed to agree with my assessment that it wasn’t a great update, the share price went down 2.8% today.

Several shares reacted to the government’s budget last night.

Challenger Ltd (ASX: CGF) announced that it approved of the government’s new retirement income product, the Challenger share price grew by 5.2%.

Aged care providers didn’t react so well today after the government announced funding for more care at home. Regis Healthcare Ltd (ASX: REG) fell by 3.9% and Estia Health Ltd (ASX: EHE) dropped by 1.4%. However, Japara Healthcare Ltd (ASX: JHC) didn’t move.

Investors didn’t like the CSR Limited (ASX: CSR) result, even though it posted a decent increase in profit. The share price dropped by 4.4%.

Greencross Limited (ASX: GXL) shares were smashed 22% today after unveiling a trading update and several impairment charges for FY18.

Finally, Incitec Pivot Ltd (ASX: IPL) dropped by 5.3% today after investors worried about its future profit outlook.

Here are some of today’s top stories:

Japanese Billionaire’s Prediction Will Give You Goosebumps

When a veritable investing and entrepreneurial genius speaks, it pays to listen.

In fact, he's now preparing a $100B "war chest" to invest entirely in this "terrifying" new technology, which could spell huge profits for investors.

Click here to learn about this technology and how you can profit!

Motley Fool contributor Tristan Harrison owns shares of Challenger Limited, Greencross Limited, JAPARA DEF SET, and Regis Healthcare Limited. The Motley Fool Australia owns shares of and has recommended Challenger Limited and Greencross 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 Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!