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 0.16% to 6,032.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.10% to 6,144.00
- AUD/USD at US 75 cents
- Gold at US$1,292.35 an ounce
- Brent Oil at US$79.02 a barrel
The biggest movement today in the ASX200 was from Santos Ltd (ASX: STO), the oil company rejected Harbour Energy's approaches. The fall also affected fellow oil company Beach Energy Ltd (ASX: BPT), it dropped 4%.
Infant formula companies also had some of the biggest falls today. Market darling a2 Milk Company Ltd (ASX: A2M) dropped by 5.68% and Bellamy's Australia Ltd (ASX: BAL) declined by 4%.
Logistics tech company WiseTech Global Ltd (ASX: WTC) dropped by 3.7% after revealing it raised $100 million of cash at $13.30 per share yesterday from an institutional shareholder.
In other news, Commonwealth Bank of Australia (ASX: CBA) announced another sale of one of its non-core businesses, the share price dropped 0.48%.
Small cap Oliver's Real Food Ltd (ASX: OLI) fell by a massive 57% today after issuing a profit downgrade.
Rio Tinto Limited (ASX: RIO) shares rose by 0.24% after telling investors it could sell one of its mines for a big sum.
Finally, Australian Agricultural Company Ltd (ASX: AAC) fell by 1.77% after announcing a loss in its FY18 result.
Here are some of today's top stories:
