Motley Fool Australia

ALL ORDINARIES finishes lower Wednesday: 8 shares you missed

ASX 200
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) higher 0.46% to 6,190.00
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.44% to 6,297.00
  • AUD/USD at US 72 cents
  • Gold at US$1,197.90 an ounce
  • Brent Oil at US$79.18 a barrel

The best-performing ASX 200 share today was resource business Independence Group NL (ASX: IGO), its share price went up by 5.7%. Another resource business that went higher today was Sandfire Resources NL (ASX: SFR), the share price went up 5.1%.

Shares of food business Costa Group Holdings Ltd (ASX: CGC) went up 4.9% after it got a broker boost from UBS.

At the red end of the ASX, telecommunications giant TPG Telecom Ltd (ASX: TPM) shares fell 5.4% with investors disappointed with yesterday’s released result.

Aged care providers had another tough day today with brokers saying the sector could be one to avoid due to a potential upcoming Royal Commission. The Estia Health Ltd (ASX: EHE) share price is down 3.6%, Japara Healthcare Ltd (ASX: JHC) shares fell 6.7% and the Regis Healthcare Ltd (ASX: REG) share price declined 1.6%.

Finally, Premier Investments Limited (ASX: PMV) shares went up 1.3% with its results expected to be released tomorrow.

Here are some of today’s top stories:

Man who said buy Kogan shares at $3.63 says buy these 3 ASX stocks now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

*Returns as of 6/8/2020

Motley Fool contributor Tristan Harrison owns shares of COSTA GRP FPO and JAPARA DEF SET. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO, Premier Investments Limited, and TPG Telecom 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.

Related Articles...

Latest posts by Tristan Harrison (see all)