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ALL ORDINARIES finishes higher Thursday: 8 shares you missed

Tristan Harrison | May 31, 2018 | More on:

Credit: Cimexus

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

Here’s a short recap of the Australian market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.45% to 6,011.90
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.49% to 6,123.50
  • AUD/USD at US 76 cents
  • Gold at US$1,305.24 an ounce
  • Brent Oil at US$77.24 a barrel

The best-performing ASX200 share today was Nine Entertainment Co Holdings Ltd (ASX: NEC), the tv company was up 6.2%.

Another share to have a strong day was Bellamy’s Australia Ltd (ASX: BAL), it finished the day up 6%.

MYOB Group Ltd (ASX: MYO) announced that the Reckon Limited (ASX: RKN) deal was no longer going ahead. MYOB dropped by 8.2% and Reckon fell by 8.2% as well.

Investors didn’t seem so confident that the new CEO would turn around Retail Food Group Limited (ASX: RFG), its share price dropped by 7.4% today.

Galaxy Resources Limited (ASX: GXY) shares went up another 4.5% today after announcing earlier in the week that it would be selling land for a significant sum.

The Kogan.Com Ltd (ASX: KGN) share price rose by 0.2% today after Amazon announced a lot of its international products would no longer be shipped to Australian addresses.

Finally, Mesoblast limited (ASX: MSB) finished the day up 4.1% after revealing its quarterly 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 has recommended Kogan.com ltd. 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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