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) lower 0.01% to 6,351.80
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.05% to 6,460.50
- AUD/USD at US 73 cents
- Gold at US$1,204.65 an ounce
- Brent Oil at US$77.45 a barrel
The best-performing ASX 200 share today was TPG Telecom Ltd (ASX: TPM), it shot up another 18% today after it was confirmed it would merge with Vodafone Hutchinson Australia. The Hutchison Telecommunications (Aus) Ltd (ASX: HTA) share price rose 44%.
Shares of private hospital operator Ramsay Health Care Limited (ASX: RHC) fell 6.3% after reporting a troubling FY18 and guiding for an even tougher FY19.
Shares of resource business Sandfire Resources NL (ASX: SFR) rose 8.6% today after revealing its FY18 report.
Here are some of today’s top stories:
- This small cap just more than doubled its profit in FY18
- Why Blue Sky Alternative Investments Ltd (ASX:BLA) shares have been crushed today
- Why Freedom Insurance Group Ltd (ASX:FIG) shares sank over 26% lower today
- Sirtex Medical Limited (ASX:SRX) dose sales fall, takeover nears conclusion
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.
Motley Fool contributor Tristan Harrison owns shares of Ramsay Health Care Limited. The Motley Fool Australia owns shares of and has recommended TPG Telecom Limited and Transurban Group. The Motley Fool Australia has recommended Ramsay Health Care Limited and RungePincockMinarco 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.