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) lower 0.68% to 6,215.60
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.67% to 6,300.20
- AUD/USD at US 74 cents
- Gold at US$1,252.76 an ounce
- Brent Oil at US$78.17 a barrel
However, it was a bad day for a lot of other shares. The worst performer in the ASX 200 was AGL Energy Ltd (ASX: AGL), it fell 7% due a negative broker note and comments made by the ACCC.
Another business to fall heavily today was Pendal Group Limited (ASX: PDL), its shares dropped 4.7% on further negative reaction to yesterday’s funds under management update.
The share prices of Rural Funds Group (ASX: RFF) and Corporate Travel Management Ltd (ASX: CTD) will come under scrutiny when they start trading again. Rural Funds is expected to announce a capital raising to acquire some more cattle farms and Corporate Travel Management announced a Hong Kong acquisition.
Here are some of today’s top stories:
- ASX rocked by trade war escalation
- Could Transurban Group (ASX:TCL) follow the big banks down on government pressure?
- Retail Food Group Limited may sell assets as bankers circle
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Motley Fool contributor Tristan Harrison owns shares of Altium, NATVETCARE FPO, and RURALFUNDS STAPLED. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited, Flight Centre Travel Group Limited, and RURALFUNDS STAPLED. The Motley Fool Australia owns shares of Altium and NATVETCARE FPO. 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.