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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 0.16% 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:

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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 and WiseTech Global. 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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